Form 4: CBL & Associates Properties Executive VP Alan Lebovitz Sells Shares to Cover Tax Obligations

Executive Vice President of Management at CBL & Associates Properties, Alan Lebovitz, sold 2,460 shares of common stock to cover tax obligations.

Summary

• Alan L. Lebovitz, Executive Vice President of Management at CBL & Associates Properties, sold 2,460 shares of common stock on December 20, 2024.
• The sale was executed at a price of $31.12 per share.
• This transaction was to cover tax obligations related to the vesting of restricted stock.
• Following the transaction, Mr. Lebovitz directly owns 40,583 shares of common stock and indirectly owns 289 shares through a trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares after vesting to cover taxes.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across various industries.
• Form 4 filings are standard procedure for reporting insider transactions in publicly traded companies.
• The sale of 2,460 shares is not unusual for an executive at this level.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

CBL & Associates Properties, Alan Lebovitz, stock sale, insider trading, executive compensation, Form 4, tax obligations