LEBOVITZ MICHAEL I 4

4 · CBL & ASSOCIATES PROPERTIES INC · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

CBL President Michael Lebovitz Sells Shares for Tax Withholding

What Happened

Michael I. Lebovitz, President of CBL & Associates Properties, had 2,661 shares disposed to satisfy tax withholding on vested restricted stock awards. The filing shows 1,146 shares withheld at $35.59 each ($40,786) and 1,515 shares withheld at $36.13 each ($54,729), for a total value of approximately $95,515. The transaction is coded F (tax withholding).

Key Details

Transaction date: February 17, 2026 (filed with the SEC on Feb 18, 2026).
Price/quantity breakdown: 1,146 shares @ $35.59 = $40,786; 1,515 shares @ $36.13 = $54,729; total disposed = 2,661 shares (~$95,515).
Footnotes: Issuer calculated and notified the shares withheld to cover taxes in connection with RSU vesting on Feb 12 and Feb 15, 2026, using the average of the NYSE high and low prices on the relevant dates. The filer disclaims beneficial ownership except for pecuniary interest. Reported ownership includes 90 shares across three trusts and 296 shares in another trust for the benefit of the reporting person’s children.
Filing timeliness: No late filing noted; reported the transaction the next day.

Context

This was a routine tax-withholding disposition tied to vested restricted stock (not a market-driven sell decision). Tax-withholding dispositions (code F) are common when companies retain or sell shares to cover withholding obligations and are not necessarily an indicator of the insider’s view of the stock.

Form 4

Period: 2026-02-17

President

Transactions

Holdings

Footnotes (3)

[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]The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
[F3]Reported ownership includes the following holdings by Trusts: (i) 90 shares held in three Trusts for the benefit of the Reporting Person's children, as to which the Reporting Person's father serves as Trustee and (ii) 296 shares held in a Trust for the benefit of the Reporting Person's children, as to which the Reporting Person's brother serves as Trustee.

Signature

/s/ Jeffery V. Curry, attorney-in-fact for Michael I. Lebovitz|2026-02-18

1 file