Form 4: CBL & Associates Properties Exec VP Cobb Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Andrew Franklin Cobb, Exec VP of Accounting at CBL & Associates Properties, reports acquisition of shares via a performance stock unit award and subsequent disposal for tax withholding.
Summary
- On February 19, 2025, Andrew Franklin Cobb, Exec VP-Accounting at CBL & Associates Properties Inc, acquired 9,677 shares of common stock at $30.85 per share as part of his 2022 Performance Stock Unit Award Agreement.
- On the same day, Cobb disposed of 3,925 shares at $30.85 per share to cover tax obligations related to the stock award.
- Following these transactions, Cobb directly owns 48,034 shares, which includes 20,488 shares held jointly with his spouse.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation practices; neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock acquisition and disposal for tax withholding. |
Keywords
CBL & Associates Properties, Andrew Franklin Cobb, Form 4, Stock Award, Tax Withholding, Beneficial Ownership, Equity Securities
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