Form 4: CBL & Associates Properties Inc: Executive VP-Accounting Reports Stock Disposal
SEC Form 4 Filing
Andrew Franklin Cobb, Executive VP-Accounting at CBL & Associates Properties Inc, reports the disposal of 1,522 shares of common stock to cover tax obligations.
Summary
- On December 20, 2024, Andrew Franklin Cobb, the Executive VP-Accounting of CBL & Associates Properties Inc, disposed of 1,522 shares of common stock.
- The transaction was executed at a price of $31.12 per share.
- Following the transaction, Cobb directly owns 44,045 shares of CBL & Associates Properties Inc.
- This total includes 56 shares held in an account owned jointly by the Reporting Person and his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock transaction, which is neutral in sentiment.
Industry Context
This is a routine disclosure related to stock transactions by company insiders. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 12/20/2024 | Date of stock disposal transaction |
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