Jaenicke Benjamin W 4

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.