Reinsmidt Kathryn A. 4

What Happened

• Kathryn A. Reinsmidt, Chief Operating Officer of CBL & Associates Properties (CBL), received three awards totaling 71,649 shares (grants/awards) on 2026-02-11 and had 10,035 shares disposed the same day to cover tax/exercise obligations.
• Grant detail: 7,474 shares, 43,035 shares, and 21,140 shares were issued at $0.00 (restricted stock / performance stock unit vesting). Withholding/detail sales: 1,716 shares at $36.55 for $62,711 and 8,319 shares at $36.05 for $299,858 — total withheld/surrendered value ≈ $362,569.
• These transactions are compensation-related awards and routine share withholding to satisfy tax liabilities (not open-market investment sales).

Key Details

• Transaction date: 2026-02-11; Form filed: 2026-02-13 (timely).
• Prices and values: 1,716 @ $36.55 = $62,711; 8,319 @ $36.05 = $299,858; awards issued at $0.00.
• Shares acquired: 71,649 (three awards). Shares disposed/withheld: 10,035.
• Shares owned after transaction: not specified in the reported summary.
• Footnotes: F1 = grant under 2021 Equity Incentive Plan; F2 = grant per 2023 Performance Stock Unit Award Agreement; F3 = issuance per 2022 Performance Stock Unit Award Agreement.
• Transaction code F indicates payment of exercise price or tax liability (withholding), not an open-market sale.

Context

• These are compensation-related awards (restricted stock / PSUs) being issued and shares withheld to cover tax obligations — common corporate payroll/tax mechanics that do not necessarily signal a personal decision to sell shares for investment reasons.
• For investors, purchases/acquisitions are often more informative of insider conviction; here the insider materially increased her holdings via awards while a portion was withheld for taxes.