How Miller was paid
$29.5M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Stuart MillerExecutive Chairman & Chief Executive Officer | $1,000,000 | — | $25,743,051 | $2,766,481 | $18,399 | $29,527,931 |
| Diane BessetteVice President and Chief Financial Officer | $750,000 | — | $4,653,485 | $2,850,000 | $25,876 | $8,279,361 |
| Katherine Lee MartinChief Legal Officer & Corporate Secretary | $147,945 | $500,000 | $5,971,533 | $1,400,000 | — | $8,020,171 |
| David CollinsVice President, Controller | $350,000 | — | $1,000,471 | $902,500 | $18,399 | $2,271,369 |
| Jonathan M. JaffeFormer Co-Chief Executive Officer and President | $800,000 | — | $22,537,564 | — | $39,168 | $23,376,732 |
| Mark SustanaFormer Vice President, General Counsel & Secretary | $376,712 | — | $1,550,259 | — | $348,353 | $2,275,324 |
What changed and why
- $29.5MStuart Miller received total compensation of $29,527,931 in fiscal 2025, compared to $29,546,675 in fiscal 2024.
- $34.2BLennar achieved fiscal 2025 revenues of $34.2B and net earnings of $2.1B.
- 70%The CEO equity pay mix consists of 70% performance-based and 30% service-based awards.
- Jonathan Jaffe and Mark Sustana retired during fiscal 2025.
- Katherine Lee Martin was appointed Chief Legal Officer and Corporate Secretary effective September 2, 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.