Khalili Joseph 4

What Happened Joseph Khalili, EVP Financial Planning & Analysis at CBL & Associates Properties (CBL), had 404 shares withheld to satisfy tax withholding related to recently vested restricted stock. The filing shows 216 shares withheld at $35.59 ($7,687) and 188 shares withheld at $36.13 ($6,792), totaling 404 shares and $14,479. This is a routine tax-withholding disposal (transaction code F), not a market sell intended as an investment decision.

Key Details

• Transaction dates: withholding processed/recorded Feb 17, 2026; Form 4 filed Feb 18, 2026 (timely).
• Prices and amounts: 216 shares @ $35.59 = $7,687; 188 shares @ $36.13 = $6,792; total 404 shares ≈ $14,479.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: withholding covered vesting from prior restricted stock awards that vested Feb 12 and Feb 15, 2026. The issuer used the average NYSE high/low prices on Feb 12 ($35.59) and Feb 13 ($36.125, reported as $36.13) to calculate withholding.
• Transaction type: F = tax withholding on vested awards (disposition for tax purposes), not a purchase (P) or open-market sale (S).

Context This was a tax-withholding action tied to restricted stock vesting — effectively the company retained (disposed of) shares to cover the tax bill. Such withholding transactions are routine administrative actions and do not necessarily indicate the insider’s market view.