Cobb Andrew Franklin 4

What Happened

• Andrew F. Cobb, Executive VP–Accounting of CBL & Associates Properties (CBL), was granted a total of 36,486 restricted common shares on Feb 11, 2026 (three separate awards) and simultaneously had 4,912 shares disposed to satisfy tax obligations. The disposals were 657 shares at $36.55 ($24,010) and 4,255 shares at $36.05 ($153,371), totaling $177,381 in proceeds. The grants were reported as awards (code A) and the share disposals were reported as tax withholding/payment (code F).

Key Details

• Transaction date: 2026-02-11 (reported on Form 4 filed 2026-02-13 — filed within the usual 2-business-day window).
• Grants: 4,310; 21,605; and 10,571 restricted shares (total 36,486) issued at $0.00 (codes A; see footnotes F2–F4 for plan/award origins).
• Withheld/surrendered shares for taxes: 657 @ $36.55 and 4,255 @ $36.05 (total 4,912 shares; $177,381).
• Shares owned after transaction: not specified in the filing. Footnote F1 notes 25,680 shares held jointly with spouse are included in holdings disclosure.
• Footnotes: F2 = 2021 Equity Incentive Plan grant; F3 = 2023 Performance Stock Unit award; F4 = 2022 Performance Stock Unit settlement. Disposals are tax-related withholdings (code F).

Context

• These transactions reflect issuance of restricted stock awards and routine withholding/surrender of shares to satisfy tax liabilities, not an open-market sale for investment purposes. Restricted shares are typically subject to vesting conditions; the filing does not indicate a behavioral trading plan or 10% owner status.