Curry Jeffery V. 4
Research Summary
AI-generated summary
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.