Fennerty Conor 4

What Happened

• Conor Fennerty, EVP, CFO & Treasurer of Curbline Properties Corp., was awarded 9,564 restricted shares (code A) on 2026-02-22 at $0.00 per share. To satisfy tax withholding obligations (code F), 4,402 of those shares were disposed/withheld at $27.25 per share, generating $119,955. Net shares retained from the award = 9,564 − 4,402 = 5,162 shares.
• This is a service-based restricted stock grant (annual award), not an open-market purchase or sale; the withholding is a routine tax payment, not a market sale for investment purposes.

Key Details

• Transaction date: 2026-02-22; filing date: 2026-02-24 (covers the Feb 22 transactions).
• Award: 9,564 shares @ $0.00 (A = grant/award).
• Withholding/disposal: 4,402 shares @ $27.25 = $119,955 (F = payment of tax liability via share withholding).
• Net shares delivered to insider (after withholding): 5,162 shares.
• Shares owned after the transactions: not specified in the Form 4 filing.
• Footnote: F1 — This is the annual service-based restricted stock grant under Mr. Fennerty’s employment agreement; shares vest ratably on the first four anniversaries of the grant date, subject to continued employment.
• No 10b5-1 plan or late-filing note is indicated in the filing; withholding is routine.

Context

• Restricted stock awards are compensation and generally vest over time; they are not the same as the insider buying stock on the open market (which some investors view as a stronger bullish signal).
• The withheld shares were used to meet tax obligations and should not be interpreted as an opportunistic sale by the CFO.