Form 4: CBL & Associates Properties CEO Stephen Lebovitz Sells Shares
SEC Form 4
CEO Stephen Lebovitz sold shares of CBL & Associates Properties on March 7th and 8th, 2024.
Summary
- Stephen D. Lebovitz, CEO of CBL & Associates Properties, sold 893 shares of common stock on March 7, 2024, at a weighted average price of $23.4583.
- He then sold 15,000 shares on March 8, 2024, at a weighted average price of $23.3035.
- Following these transactions, Lebovitz directly owns 403,696 shares.
- He also has indirect ownership through trusts.
- The sales were executed under Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: Neutral. This is a standard SEC filing related to stock sales by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 other stakeholders.
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 |
| 03/07/2024 | Sale of 893 shares of common stock |
| 03/08/2024 | Sale of 15,000 shares of common stock |
| 03/11/2024 | Date of signature for the Form 4 filing |
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