Grody Howard B. 4
4 · CBL & ASSOCIATES PROPERTIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
CBL (CBL) Exec VP Howard B. Grody Sells Shares to Cover Taxes
What Happened Howard B. Grody, Executive Vice President — Leasing at CBL & Associates Properties Inc. (CBL), had 880 shares of CBL common stock withheld to satisfy tax withholding obligations tied to recently vested restricted stock awards. The withholding occurred on Feb 17, 2026, consisting of 409 shares at $35.59 ($14,556) and 471 shares at $36.13 ($17,015), for a combined value of approximately $31,571. This is a routine tax-withholding disposition tied to vesting, not an open-market sale for investment purposes.
Key Details
- Transaction dates and prices: Feb 17, 2026 — 409 shares @ $35.59; Feb 17, 2026 — 471 shares @ $36.13.
- Total shares withheld/disposed: 880; total value ≈ $31,571.
- Footnote F1: Withheld shares correspond to vesting of prior restricted stock awards (vesting dates Feb 12 and Feb 15, 2026); withholding amounts were calculated using the NYSE average prices on the relevant prior trading days ($35.59 and $36.125).
- Footnote F2: The total includes 24 shares held jointly by the reporting person and spouse.
- Filing timeliness: Reported on Feb 18, 2026 for transactions on Feb 17, 2026 — filed timely per standard Form 4 rules.
Context: This was a tax-withholding event related to vested restricted stock (a common administrative disposition) rather than a discretionary open-market sale. Such withholdings are routine and generally do not signal management trading intent.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-17$35.59/sh−409$14,556→ 82,510 total - Tax Payment
Common Stock
[F1][F2]2026-02-17$36.13/sh−471$17,015→ 82,039 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 24 shares held in an account owned jointly by the Reporting Person and his spouse.