Curry Jeffery V. 4
4 · CBL & ASSOCIATES PROPERTIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
CBL Jeffery V. Curry Sells Shares to Cover Taxes
What Happened
Jeffery V. Curry, Chief Legal Officer and Secretary of CBL & Associates Properties (CBL), had a total of 2,661 shares disposed on February 17, 2026 to satisfy tax withholding related to recently vested restricted stock. The dispositions were: 1,146 shares at $35.59 for $40,786, and 1,515 shares at $36.13 for $54,729, for combined proceeds of approximately $95,515. This was a tax-withholding disposition (routine) tied to vesting, not an independent open-market sale for investment purposes.
Key Details
- Transaction date: 2026-02-17; Form filed 2026-02-18 (timely filing).
- Shares disposed: 1,146 @ $35.59 and 1,515 @ $36.13 (total 2,661 shares).
- Proceeds: $40,786 + $54,729 = ~$95,515.
- Transaction code: F — shares withheld/ disposed to cover tax liability on vesting of restricted stock.
- Footnote: Withholding was calculated using the NYSE average prices for the applicable vesting dates ($35.59 for the Feb 12 vesting; $36.125 for the Feb 15 vesting).
- Ownership note: The filing states that 71,562 shares are held jointly with the Reporting Person’s spouse and that a portion is held in the Reporting Person’s retirement account (the filing does not state a separate total shares-owned figure after these withholdings).
Context
This was a routine tax-withholding event following restricted stock vesting (cashless/withheld shares), which is common and typically does not indicate a change in the insider’s view of the company. No purchase or open-market sale was reported beyond the withholding.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-17$35.59/sh−1,146$40,786→ 152,490 total - Tax Payment
Common Stock
[F1][F2]2026-02-17$36.13/sh−1,515$54,729→ 150,975 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]Of the total reported shares, 71,562 shares are held in an account held jointly by the Reporting Person and his spouse, and a portion is held in the Reporting Person's retirement account.