CONTIS DAVID J 4

What Happened

David J. Contis, a director of CBL & Associates Properties, Inc. (CBL), was granted 50,000 shares of restricted common stock on February 11, 2026. The Form 4 reports the acquisition as 50,000 shares at $0.00 (transaction code A — award/grant). The grant is reported as an acquisition of securities rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-11
• Transaction type and code: Grant of restricted stock (A)
• Shares granted: 50,000; reported acquisition price: $0.00 (award)
• Filing date: Form 4 filed 2026-02-13 (2 days after the reported transaction); no late filing flagged in the report provided
• Footnote: F1 — grant of restricted common stock pursuant to the 2021 Equity Incentive Plan
• Shares owned after transaction: Not specified in the provided filing excerpt

Context

This was a compensation award (restricted stock), which typically vests over time and may be subject to forfeiture or other restrictions — such grants are common for directors and do not necessarily signal immediate buying or selling intent. For retail investors, note that the economic value of the award depends on CBL’s market price and any vesting schedule; the Form 4 here records the grant itself but does not disclose vesting terms or the grantee’s total holdings.