Khalili Joseph 4

What Happened

• Joseph Khalili, Executive Vice President, Financial Planning & Analysis at CBL & Associates Properties (CBL), received equity awards totaling 15,151 shares on Feb 11, 2026 (three grants reported at $0.00 per share). To satisfy tax obligations related to these awards, 1,477 shares were surrendered/withheld: 263 shares at $36.55 each ($9,611) and 1,214 shares at $36.05 each ($43,759), for total proceeds of $53,370.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely filing).
• Awards: 2,279; 8,644; and 4,228 shares (total 15,151) reported as acquisitions (grants/awards) at $0.00.
• Withholding/disposition: 263 shares @ $36.55 ($9,611) and 1,214 shares @ $36.05 ($43,759); total disposed = 1,477 shares / $53,370.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 = restricted common stock under 2021 Equity Incentive Plan; F2 = restricted common stock per 2023 Performance Stock Unit Award Agreement; F3 = common stock issued per 2022 Performance Stock Unit Award Agreement.
• Transaction code F indicates shares were used to pay the exercise price or tax liability (i.e., withholding/surrender), not an open-market sale.

Context

• These transactions are compensation-related: Khalili received restricted stock/PSU-related shares and surrendered a portion to cover taxes. That differs from an open-market purchase or sale—awards reflect compensation/vesting, while share withholding is a routine tax-related action and not necessarily a directional bet on the stock.