Form 4: CBL Legal Officer Sells Shares for Tax Obligations

CBL & Associates Properties' Chief Legal Officer, Jeffery V. Curry, disposed of 4,919 shares of common stock to cover tax withholding obligations.

Summary

• Jeffery V. Curry, Chief Legal Officer & Secretary of CBL & Associates Properties Inc. (CBL), reported a transaction.
• On December 17, 2025, Mr. Curry disposed of 4,919 shares of CBL common stock.
• The disposition was made at a price of $37.365 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Mr. Curry beneficially owns 92,683 shares of CBL common stock directly.
• Of the total reported shares, 14,754 are held jointly with his spouse, and a portion is held in his retirement accounts.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax withholding obligations, which is a neutral event and does not reflect positively or negatively on the company's performance or management's outlook.

Positives

• The transaction is a routine disposition for tax withholding, not a discretionary sale, which is a neutral event rather than a negative signal.
• Jeffery V. Curry retains a substantial beneficial ownership of 92,683 shares, indicating continued alignment with shareholder interests.

Negatives

• No inherent negatives as this is a non-discretionary transaction for tax purposes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a standard insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and the insider retains substantial ownership.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

CBL & Associates Properties, CBL, Insider Transaction, Form 4, Jeffery V. Curry, Chief Legal Officer, Stock Disposition, Tax Withholding, Equity Compensation