Form 4: CBL & Associates Properties CEO Stephen Lebovitz Sells Shares
SEC Form 4 Filing
CEO Stephen Lebovitz of CBL & Associates Properties Inc. sold a portion of his holdings in common stock over two days in March.
Summary
- Stephen D. Lebovitz, CEO of CBL & Associates Properties Inc., reported the sale of company common stock on March 11 and March 12, 2024.
- On March 11, he sold 10,107 shares at a weighted average price of $23.0086 per share, with prices ranging from $23.00 to $23.04.
- On March 12, he sold 4,351 shares at a weighted average price of $22.7655 per share, with prices ranging from $22.75 to $22.82.
- Following these transactions, Lebovitz directly owns 389,238 shares of common stock.
- He also has indirect ownership through trusts: 53 shares via the Stephen D. Lebovitz Irrevocable Trust U/A dated 2/27/1998 and 269 shares via the Stephen D. Lebovitz and Lisa S. Lebovitz Irrevocable Trust U/A dated 4/5/2003.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
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 could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 1998-02-27 | Date of Stephen D. Lebovitz Irrevocable Trust U/A |
| 2003-04-05 | Date of Stephen D. Lebovitz and Lisa S. Lebovitz Irrevocable Trust U/A |
| 2024-03-11 | Date of first stock sale |
| 2024-03-12 | Date of second stock sale |
| 2024-03-13 | Date of Form 4 filing |
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