Lennar Corp

1. 1

   Election of Directors

   ManagementBoard: FOR

   Elect nine directors to serve until the 2027 Annual Meeting of Stockholders.

2. 2

   Advisory Vote on Executive Compensation (Say-on-Pay

   ManagementBoard: FOR

   Approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement.

   More detail

   This management proposal asks stockholders to cast an advisory 'say-on-pay' vote to approve the Company's 2025 executive compensation as disclosed in the proxy. Management seeks shareholder endorsement to validate its compensation design—comprised of base salary, annual cash incentives tied to Pretax Income after a capital charge, and equity awards with a significant performance-based component—arguing that the program aligns pay with long-term stockholder value and incorporates stockholder feedback (notably an 88% approval in 2025). The Board recommends FOR, stressing robust governance (clawback policy, stock ownership guidelines, negative discretion by the Compensation Committee), and highlighting recent adjustments—higher performance weighting, lower threshold payouts, and caps on CEO cash bonuses—to address stockholder concerns. The proposal is advisory and non-binding, but the Board and Compensation Committee intend to review results and consider them in future decisions. Key context includes recent leadership transitions (retirements), the Millrose Spin-Off, and continued focus on pay-for-performance metrics tied to peer-relative performance and financial metrics; risks include that the advisory vote may not constrain management if approved, and the company’s substantial equity-based pay can result in significant realized payouts under strong performance scenarios.

3. 3

   Ratification of Independent Registered Public Accounting Firm

   ManagementBoard: FOR

   Ratify the appointment of Deloitte & Touche LLP as Lennar’s independent registered public accounting firm for fiscal year ending November 30, 2026.

4. 4

   Equal Voting Rights for Each Share

   Shareholder — John CheveddenBoard: AGAINST

   Stockholder proposal requesting the Board take steps to enable all outstanding shares to have equal one-vote-per-share rights (phase out dual-class structure).

5. 5

   Disclosure of Voting Results by Share Class

   Shareholder — Treasurer of the State of Illinois and Trustee of the Bright Directions College Savings TrustBoard: AGAINST

   Stockholder proposal requesting disclosure of voting results separately by share class (Class A vs Class B) beginning at the 2027 annual meeting.

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When is the Lennar Corp 2026 annual meeting?

Lennar Corp (LEN) holds its 2026 annual shareholder meeting on Wednesday, April 8, 2026.

What is the record date for the Lennar Corp 2026 meeting?

The record date for the Lennar Corp 2026 meeting is Wednesday, February 11, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Lennar Corp's 2026 meeting?

The board is presenting 9 director nominees at the Lennar Corp 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Lennar Corp 2026 meeting?

Shareholders will vote on 5 proposals at the Lennar Corp 2026 meeting, each tagged with who proposed it and the board's recommendation.