Lennar BDRs in Brazil undergo 8-for-1 stock split, ratio shifts to 1:8

Lennar Corporation Class A

Lennar Corporation Class A

LEN

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  • Lennar set a mandatory 8-for-1 stock split for its BDR program, shifting the underlying-to-BDR ratio from 1:1 to 1:8.
  • Each 1 BDR held on Aug. 21, 2026 will receive 7 additional BDRs.
  • The ratio change takes effect at the open on Aug. 24, 2026; new BDRs are scheduled to be credited on Aug. 26, 2026.
  • Fractional entitlements will be settled in cash, subject to income tax deductions.


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