Cattonar John M 4

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.