Lukes David R 4
4 · Curbline Properties Corp. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Curbline (CURB) CEO David R. Lukes Sells $3.31M of Shares
What Happened
David R. Lukes, President & CEO and a director of Curbline Properties Corp. (CURB), reported multiple dispositions on a Form 4. He sold a total of 123,412 shares in open-market transactions (39,749 shares for about $1.065M and 83,663 shares for about $2.245M, totaling ≈ $3.31M). On 2026-02-02 he also transferred (gifted) 126,000 shares to his spouse, which the filing treats as a change from direct to indirect ownership.
Key Details
- Transactions reported:
- 2026-02-02: Gift of 126,000 shares (no cash proceeds) — change from direct to indirect ownership (Footnote F1).
- 2026-03-13: Sale of 39,749 shares — weighted avg price reported $26.80; total ≈ $1,065,233 (Footnote F2; sales ranged $26.75–$26.89).
- 2026-03-16: Sale of 83,663 shares — weighted avg price reported $26.83; total ≈ $2,244,595 (Footnote F3; sales ranged $26.75–$27.02).
- Total cash proceeds from sales reported ≈ $3,309,828.
- Post-transaction beneficial ownership: not explicitly stated in the summary provided; filing notes indirect ownership via the Elizabeth G. Lukes 2025 Revocable Trust (Footnote F4).
- Filing date: Form 4 filed 2026-03-17. The Feb 2 gift was reported well after the usual two-business-day deadline for Form 4s; the March sales were reported on the March 17 filing date.
- Per footnotes, the reporting person can provide transaction-level price details on request.
Context
Gifts are transfers for estate or personal reasons and do not necessarily signal the insider’s view on the company’s prospects. Market sales are common for insiders to raise cash or rebalance holdings; purchases are generally viewed as a stronger signal of confidence. The filing discloses weighted-average prices and price ranges for the sales; specific per-trade prices are available from the reporting person upon request as noted in the footnotes.
Insider Transaction Report
- Gift
Common Stock
[F1]2026-02-02−126,000→ 630,009 total - Sale
Common Stock
[F2]2026-03-13$26.80/sh−39,749$1,065,233→ 590,260 total - Sale
Common Stock
[F3]2026-03-16$26.83/sh−83,663$2,244,595→ 506,597 total - Gift
Common Stock
[F1][F4]2026-02-02+126,000→ 126,000 total(indirect: By Trust)
Footnotes (4)
- [F1]Gift to Spouse resulting in a change of beneficial ownership from direct to indirect of the gifted securities.
- [F2]The price reported in column 4 is a weighted average price.These shares were sold in multiple transactions at prices ranging from $26.75 to $26.89. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within this range.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.75 to $27.02. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within this range.
- [F4]Reflects indirect ownership by the Elizabeth G Lukes 2025 Revocable Trust U/A dtd 08/07/2025, for which Mr. Luke's spouse is the settlor, trustee and beneficiary.