Form 4: CBL & Associates Properties Inc: Officer Lebovitz Reports Changes in Beneficial Ownership

Michael I. Lebovitz, President of CBL & Associates Properties Inc, reports the disposal of common stock due to tax withholding obligations, resulting in adjustments to his beneficial ownership.

Summary

• On February 19, 2025, Michael I. Lebovitz, President of CBL & Associates Properties Inc, disposed of 1,716 shares of common stock at $30.49 and 1,514 shares at $32.8025 to cover tax obligations.
• Following these transactions, Lebovitz directly owns 56,494 shares of common stock.
• He also has indirect ownership through his spouse and trusts for the benefit of his children, totaling 486 shares.
• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely insignificant given the relatively small number of shares involved.

Key Dates

Keywords

beneficial ownership, Form 4, CBL & Associates Properties Inc, Lebovitz, common stock, insider trading, SEC filing