LEBOVITZ ALAN L. 4

What Happened

• Alan L. Lebovitz, Executive Vice President — Management at CBL & Associates Properties (CBL), was granted a total of 36,486 restricted shares on February 11, 2026. The filing shows three separate awards: 4,310; 21,605; and 10,571 shares, each reported at $0.00 (awarded, no cash paid).
• These shares were issued as restricted common stock under company award arrangements (see footnotes for plan and award agreements). Because these were awards (not open-market purchases or sales), they represent compensation/equity grants rather than a market buy or sell.

Key Details

• Transaction date: 2026-02-11 (reported on Form 4 filed 2026-02-13 — within the normal 2-business-day reporting window).
• Price per share as reported: $0.00 (awarded/granted).
• Total shares awarded: 36,486 (4,310 + 21,605 + 10,571).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Grant pursuant to the 2021 Equity Incentive Plan.
  • F2: Grant per the Reporting Person's 2023 Performance Stock Unit Award Agreement.
  • F3: Common stock issued in accordance with the 2022 Performance Stock Unit Award Agreement.
  • F4: Some shares held via an irrevocable trust (Alan L. Lebovitz and Allison G. Lebovitz Irrevocable Trust U/A dated 3/24/2003, Michael I. Lebovitz, Trustee).
  • F5: Reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Transaction code: A = Award/Grant.

Context

• Restricted stock awards are typical forms of executive compensation and do not necessarily signal a buy or sell decision by the insider. They generally vest over time or upon achievement of performance conditions (check the company’s proxy or award agreements for vesting details).
• This filing reports issuance of awarded shares rather than any immediate sale (no cashless exercise or open-market trade reported).