Form 4: CBL & Associates Properties Inc. President Michael Lebovitz Sells Shares
SEC Form 4
Michael Lebovitz, President of CBL & Associates Properties Inc., sold a significant number of common stock shares in two transactions on August 15 and 16, 2024.
Summary
- Michael I. Lebovitz, President of CBL & Associates Properties Inc., reported changes in beneficial ownership of the company's common stock.
- On August 15, 2024, Lebovitz sold 29,045 shares at a weighted average price of $25.9097.
- On August 16, 2024, he sold 13,582 shares at a weighted average price of $25.8053.
- Following these transactions, Lebovitz directly owns 44,172 shares of common stock.
- He also indirectly owns 10 shares through his spouse and 386 shares through trusts for the benefit of his children.
- Lebovitz disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the reasons behind the stock sales by a key executive.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Michael Lebovitz sold 29,045 shares of CBL common stock. |
| 08/16/2024 | Michael Lebovitz sold 13,582 shares of CBL common stock. |
| 08/19/2024 | Date of signature for the Form 4 filing. |
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