Form 4: CBL & Associates Properties Inc: Executive Reinsmidt Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Kathryn A. Reinsmidt, EVP Chief Operating Officer of CBL & Associates Properties Inc, reports acquisition of shares through a performance stock unit award and subsequent disposal for tax withholding.
Summary
- On February 19, 2025, Kathryn A. Reinsmidt, EVP Chief Operating Officer of CBL & Associates Properties Inc, acquired 19,354 shares of common stock at $30.85 per share as part of her 2022 Performance Stock Unit Award Agreement.
- On the same day, she disposed of 7,616 shares at $30.85 per share to cover tax obligations related to the award.
- Following these transactions, Reinsmidt directly owns 105,250 shares of CBL & Associates Properties Inc.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, reflecting routine stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, specifically related to executive compensation in the form of stock awards. It is common for executives to receive stock as part of their compensation packages, and the subsequent sale of shares to cover tax obligations is also a typical occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock acquisition and disposal for tax withholding. |
Keywords
Form 4, CBL & Associates Properties Inc, Kathryn A. Reinsmidt, insider trading, stock award, tax withholding, executive compensation, EVP Chief Operating Officer
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