Form 4: CBL & Associates Properties CEO Stephen Lebovitz Reports Changes in Beneficial Ownership

CEO Stephen Lebovitz reports disposition of CBL & Associates Properties common stock to cover tax obligations.

Summary

• Stephen D. Lebovitz, CEO of CBL & Associates Properties, reported changes in his beneficial ownership of the company's common stock on February 19, 2025.
• The transactions involved the disposition of shares to satisfy tax obligations.
• Specifically, 2,765 shares were disposed of at a price of $30.49, and 3,633 shares were disposed of at $32.8025.
• Following these transactions, Lebovitz directly owns 401,757 shares of common stock.
• He also has indirect ownership through two trusts: the Stephen D. Lebovitz Irrevocable Trust U/A dated 2/27/1998, holding 53 shares, and the Stephen D. Lebovitz and Lisa S. Lebovitz Irrevocable Trust U/A dated 4/5/2003, holding 269 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The disposition of shares by the CEO could be perceived neutrally or slightly negatively by shareholders, depending on their interpretation of the reasons behind the sale.

Key Dates

Keywords

beneficial ownership, CBL & Associates Properties, Stephen Lebovitz, Form 4, common stock, disposition, tax obligations, trusts