Cattonar John M 4
4 · Curbline Properties Corp. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Curbline (CURB) EVP & CIO John Cattonar Sells 1,893 Shares
What Happened
John M. Cattonar, Executive Vice President and Chief Investment Officer of Curbline Properties Corp. (CURB), disposed of 1,893 shares at $27.25 per share (totaling $51,584) on February 22, 2026. The transaction is reported as a payment of exercise price or tax liability (code F), i.e., shares were used to satisfy withholding/tax obligations related to LTIP unit vesting/conversion.
Key Details
- Transaction date: 2026-02-22; filing date: 2026-02-24 (appears timely—filed within two business days).
- Disposed: 1,893 shares at $27.25 each; total value reported $51,584.
- Transaction code F = shares used to pay exercise price or tax liability (share withholding).
- Footnote F1: The underlying awards are LTIP Units convertible into common units and redeemable for stock or cash at the issuer’s election.
- Footnote F2: These LTIP Units were part of an annual grant that vests ratably over four years, subject to continued employment.
- Shares owned after the transaction: not specified in the provided filing details.
Context
This was not an open-market sale expressing a directional view; it was a routine disposition to satisfy tax obligations arising from LTIP unit vesting/conversion (a common post-vesting withholding method). For derivative-related transactions like this, the key takeaway for investors is that shares were withheld to cover taxes rather than a discretionary sale for cash.
Insider Transaction Report
- Tax Payment
Common Stock
2026-02-22$27.25/sh−1,893$51,584→ 147,458 total
- 5,740
LTIP Units
[F1][F2]→ Common Stock (5,740 underlying)
Footnotes (2)
- [F1]Reflects a class of limited partnership units in Curbline Properties LP ("LTIP Units"). Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted into a common unit in Curbline Properties LP (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be redeemed for one share of Issuer common stock or cash, at the election of the Issuer. The right to convert LTIP Units into Common Units and to redeem Common Units for cash or shares of Issuer common stock do not have expiration dates
- [F2]Annual grant of LTIP Units made in accordance with the terms of Mr. Cattonar's Assigned Employment Agreement dated as of September 1, 2024, as amended by the First Amendment thereto dated as of September 26, 2025 (the "Employment Agreement"). These LTIP Units vest ratably on the first four anniversaries of the grant date, subject generally to Mr. Cattonar's continued employment with the Issuer