Jaenicke Benjamin W 4
4 · CBL & ASSOCIATES PROPERTIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
CBL CFO Benjamin Jaenicke Has 5,612 Shares Withheld for Taxes
What Happened
- Benjamin W. Jaenicke, Chief Financial Officer of CBL & Associates Properties, had 5,612 shares withheld to satisfy tax withholding related to vested restricted stock awards. The filing shows 2,191 shares withheld at $35.59 ($77,978) and 3,421 shares withheld at $36.13 ($123,584), for a combined value of approximately $201,562.
- This was not an open-market sale for investment purposes but a routine tax-withholding disposition tied to prior RSU vesting.
Key Details
- Transaction dates and prices:
- Feb 17, 2026: 2,191 shares withheld @ $35.59 = $77,978
- Feb 17, 2026: 3,421 shares withheld @ $36.13 = $123,584
- Total shares withheld: 5,612; total value ≈ $201,562.
- Shares were withheld to cover taxes on RSUs that vested Feb 12 and Feb 15, 2026 (see footnote F1 for price calculations using NYSE averages around the vesting dates).
- Transaction code: F — tax withholding (shares disposed to cover tax liability).
- Filing: Report filed Feb 18, 2026 for transactions on Feb 17, 2026 (appears timely). Shares owned after the transaction are not specified in the provided filing excerpt.
Context
- Tax-withholding via share disposition is a common, administrative action when restricted stock awards vest; it reflects tax obligations rather than a deliberate market sale by the insider.
- For retail investors, these transactions are generally routine and should not be interpreted as a direct signal of the insider's view on the company’s prospects.
Insider Transaction Report
Form 4
Jaenicke Benjamin W
EVP - Chief Financial Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-17$35.59/sh−2,191$77,978→ 140,528 total - Tax Payment
Common Stock
[F1]2026-02-17$36.13/sh−3,421$123,584→ 137,107 total
Footnotes (1)
- [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).
Signature
/s/ Jeffery V. Curry, attorney-in-fact for Benjamin W. Jaenicke|2026-02-18