Cobb Andrew Franklin 4
4 · CBL & ASSOCIATES PROPERTIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
CBL Exec VP Andrew Cobb Sells Shares for Tax Withholding
What Happened
Andrew F. Cobb, Executive Vice President — Accounting at CBL & Associates Properties (CBL), had a total of 880 shares withheld/disposed to satisfy tax obligations related to the vesting of prior restricted stock awards. On February 17, 2026, 409 shares were withheld at $35.59 ($14,556) and 471 shares were withheld at $36.13 ($17,015), for a combined value of approximately $31,571. These were tax-withholding disposals from vested restricted stock (routine, not an open‑market sale for investment purposes).
Key Details
- Transaction dates/prices/values:
- 2026-02-17: 409 shares withheld at $35.59 — $14,556
- 2026-02-17: 471 shares withheld at $36.13 — $17,015
- Reason: Shares were withheld to satisfy tax liabilities upon vesting of restricted stock awards (not a purchase or investment sale).
- Footnotes:
- F1: Withheld amounts were calculated using the average of the high and low NYSE prices on the vesting-related dates (Feb 12 and Feb 13, 2026).
- F2: The reported total holdings include 25,680 shares held jointly by the Reporting Person and spouse.
- Filing timeliness: Form filed Feb 18, 2026 for transactions on Feb 17, 2026 (filed promptly).
Context
This is a routine tax-withholding disposal tied to restricted stock vesting — common for executives and not generally treated as a bullish or bearish trading signal. The entries reflect shares surrendered to cover taxes rather than an open-market sale for liquidity or investment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-17$35.59/sh−409$14,556→ 68,243 total - Tax Payment
Common Stock
[F1][F2]2026-02-17$36.13/sh−471$17,015→ 67,772 total
Footnotes (2)
- [F1]On February 17, 2026, the Issuer calculated and notified the Reporting Person of the number of shares to be withheld for taxes in connection with the vesting of shares from prior restricted stock awards on February 12, 2026 (determined using the $35.59 average of the high and low NYSE prices reported for Issuer's common stock on such date) and on February 15, 2026 (using the $36.125 average of the high and low NYSE prices reported for Issuer's common stock on February 13, 2026, the last trading day prior to the vesting date).
- [F2]This total includes 25,680 shares held in an account owned jointly by the Reporting Person and his spouse.