Form 4: CBL & Associates EVP Disposes Shares for Tax, New Power of Attorney
Insider Transaction Report and Corporate Governance Update
CBL & Associates Properties Inc. EVP Jennifer Cope disposed of 609 shares of common stock for tax purposes, while the company also updated its limited power of attorney for Section 16 filings.
Summary
- Jennifer Cope, Executive Vice President of Operations Services & Risk Management at CBL & Associates Properties Inc., disposed of 609 shares of common stock on December 17, 2025.
- This disposition was for the payment of tax liability, with the shares valued at $37.365 per share.
- Following this transaction, Ms. Cope directly beneficially owns 17,503 shares of CBL & Associates Properties Inc. common stock.
- A Replacement Limited Power of Attorney (LPOA) became effective on May 1, 2025, revoking prior LPOAs.
- The new LPOA designates Jeffery V. Curry, Andrew F Cobb, and James (Tripp) Wingo II as attorneys-in-fact for executive officers, including Jennifer Cope, to prepare, execute, and submit SEC Forms 3, 4, and 5.
Sentiment
Score: 5
Explanation: Neutral. This filing reports a routine insider transaction for tax purposes and a standard corporate governance update regarding powers of attorney for SEC filings. It does not indicate any significant positive or negative operational or financial developments for the company.
Future Outlook
This filing, consisting of an insider transaction report and a corporate governance update, does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing details a routine insider stock transaction for tax purposes and an administrative update to corporate governance procedures. These types of events are common across publicly traded companies and typically do not reflect broader industry trends or competitive dynamics.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact for Section 16 filings | J. Tyler Overley (removed from role) | Andrew F Cobb, James (Tripp) Wingo II (added to role) | 2025-05-01 | Update to the Limited Power of Attorney to designate new individuals authorized to execute SEC filings on behalf of executive officers. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Limited Power of Attorney Update | The company updated its Limited Power of Attorney, revoking previous appointments and designating new individuals (Jeffery V. Curry, Andrew F Cobb, James (Tripp) Wingo II) to prepare, execute, and submit SEC Forms 3, 4, and 5 on behalf of executive officers. | 2025-05-01 | Enhances administrative efficiency and ensures continuity in compliance with Section 16(a) of the Securities Exchange Act of 1934 for executive officers' securities transactions. |
Stakeholder Impact
- Minimal direct impact on shareholders as the transaction is routine for tax purposes and the power of attorney update is an administrative governance matter.
- Ensures continued compliance with SEC regulations, which benefits all stakeholders by maintaining transparency and good corporate governance.
Key Dates
| Date | Description |
|---|---|
| 2025-05-01 | Effective date of the Replacement Limited Power of Attorney. |
| 2025-12-17 | Date Jennifer Cope disposed of 609 shares of common stock for tax liability. |
| 2025-12-18 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
CBL & Associates Properties, CBL, Jennifer Cope, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Executive Officer, Power of Attorney, Corporate Governance, SEC Filing
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