Lennar said Jeff McCall, who has served as Executive Vice President since January 2020, will transition to a non-executive role effective June 20, 2024.

1. 01

   Lennar said Jeff McCall, who has served as Executive Vice President since January 2020, will transition to a non-executive role effective June 20, 2024.

2. 02

   The company said Mr. McCall will remain with the company through March 1, 2025 during the transition period, when he will hand off his Quarterra-related duties to other members of management and also work on special projects.

3. 03

   The company said that during the transition period, Mr. McCall will continue to receive his currently effective compensation and his existing level of benefits, and his previously granted equity awards will continue to vest under their existing terms.

4. 04

   The company said Mr. McCall's annual cash incentive award for fiscal 2024 is discretionary and subject to ongoing evaluation, and that as of the effective date he will no longer be an executive officer of the company or an officer for purposes of Section 16 of the Securities Exchange Act.

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