Form 4: CBL & Associates Properties Inc. Executive Reports Stock Disposals to Cover Tax Obligations

Jeffery V. Curry, Chief Legal Officer & Secretary of CBL & Associates Properties Inc., disposed of shares to cover tax obligations arising from vesting of stock.

Summary

• On February 19, 2025, Jeffery V. Curry, the Chief Legal Officer & Secretary of CBL & Associates Properties Inc. (CBL), reported disposing of common stock.
• The transactions were conducted to cover tax obligations.
• Two separate disposals occurred: 1,716 shares were disposed of at $30.49 each, and 1,514 shares were disposed of at $32.8025 each.
• Following these transactions, Curry beneficially owns 102,602 shares of CBL common stock directly, with 19,754 shares held jointly with his spouse and a portion held in retirement accounts.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, CBL & Associates Properties Inc., Jeffery V. Curry, Stock Disposal, Tax Obligations, Beneficial Ownership, Insider Trading