Lukes David R 4

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.