Form 4: CBL & Associates Properties CEO Stephen Lebovitz Sells 27,000 Shares
SEC Form 4 Filing
Stephen Lebovitz, CEO of CBL & Associates Properties, sold 27,000 shares of common stock at an average price of $22.6692 on March 13, 2024.
Summary
- On March 13, 2024, Stephen D. Lebovitz, the CEO of CBL & Associates Properties Inc., sold 27,000 shares of common stock.
- The sale was executed at a weighted average price of $22.6692 per share.
- The prices for the shares sold ranged from $22.50 to $22.80.
- Following the transaction, Lebovitz directly owns 362,238 shares.
- Lebovitz also has indirect ownership through trusts.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This is a routine disclosure of an insider transaction. It's important to monitor insider transactions as they can sometimes provide insights into management's perspective on the company's future prospects, although this sale alone doesn't necessarily indicate a specific trend.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.
Key Dates
| Date | Description |
|---|---|
| 02/27/1998 | Date of Stephen D. Lebovitz Irrevocable Trust U/A |
| 04/05/2003 | Date of Stephen D. Lebovitz and Lisa S. Lebovitz Irrevocable Trust U/A |
| 03/13/2024 | Date of stock sale transaction |
| 03/15/2024 | Date of Form 4 filing |
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