Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On February 26, 2021, the Compensation Committee (the "Committee") of the Board of Directors of Lennar Corporation (the "Company") approved 2021 award agreements under the Company's 2016 Incentive Compensation Plan relating to incentive compensation for Stuart Miller, the Company's Executive Chairman, Rick Beckwitt, the Company's Co-Chief Executive Officer and Co-President, and a Director, Jonathan Jaffe, the Company's Co-Chief Executive Officer and Co-President, and a Director, Diane Bessette, the Company's Vice President, Chief Financial Officer and Treasurer, Jeff McCall, the Company's Executive Vice President, and Mark Sustana, the Company's Vice President, General Counsel and Secretary. The award agreements describe cash bonus opportunities based on the achievement of specified performance goals. Copies of the award agreements are filed as Exhibit 10.1 hereto.

In addition, on February 26, 2021, the Committee approved 2021 award agreements under the Company's 2016 Equity Incentive Plan under which Mr. Miller, Mr. Beckwitt, Mr. Jaffe, Ms. Bessette and Mr. McCall were granted target awards of 78,097, 68,312, 68,312, 12,055 and 10,547 shares of Class A common stock, respectively, that are subject to performance-based vesting conditions, and 78,097, 68,312, 68,312, 12,055 and 10,547 shares of Class A common stock, respectively, that are subject to service-based vesting conditions. A copy of the form of award agreement is filed as Exhibit 10.2 hereto. In addition, Mr. Sustana was granted 14,345 shares of Class A common stock, one-third of which vest on each of February 14, 2022, February 14, 2023, and February 14, 2024. Mr. Sustana's award agreement is in the form generally used under the 2016 Equity Incentive Plan.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.



Exhibit No.       Description of Document

10.1                2021 Award Agreements under the Company's 2016 Incentive
                  Compensation Plan for Mr. Miller, Mr. Beckwitt, Mr. Jaffe,
                  Ms. Bessette, Mr. McCall and Mr. Sustana.

10.2                Form of 2021 Award Agreement under the Company's 2016 Equity
                  Incentive Plan for Mr. Miller, Mr. Beckwitt, Mr. Jaffe,
                  Ms. Bessette and Mr. McCall.

104               Cover Page Interactive Data File-the cover page XBRL tags are
                  embedded within the Inline XBRL document.

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