Cobb Andrew Franklin 4

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.