Form 4: CBL & Associates Properties CEO Stephen Lebovitz Sells Shares
SEC Form 4 Filing
CEO Stephen Lebovitz sold shares of CBL & Associates Properties on March 21 and 22, 2024.
Summary
- Stephen D. Lebovitz, CEO of CBL & Associates Properties, sold 7,413 shares of common stock on March 21, 2024, at a weighted average price of $22.6214.
- He then sold 2,724 shares on March 22, 2024, at a weighted average price of $22.2773.
- Following these transactions, Lebovitz directly owns 352,101 shares.
- He also has indirect ownership through trusts.
- The sales were executed under a pre-arranged 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale by the CEO could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price in the short term.
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 |
| 03/21/2024 | Sale of 7,413 shares of common stock at a weighted average price of $22.6214 |
| 03/22/2024 | Sale of 2,724 shares of common stock at a weighted average price of $22.2773 |
| 03/25/2024 | Date of Form 4 filing |
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