CBL CFO Benjamin W. Jaenicke Withholds 1,968 Shares for Taxes

What Happened

• Benjamin W. Jaenicke, Chief Financial Officer of CBL & Associates Properties (CBL), had 1,968 common shares withheld to satisfy tax liability related to his equity compensation. The withholding was reported as a disposition of 1,968 shares at $54.37 per share, with a total value of about $106,990.
• This was a tax-withholding/settlement action (transaction code F), not an open-market sale — a routine administrative step following an award exercise or vesting.

Key Details

• Transaction date: 2026-09-01. Price: $54.37 per share. Total value of shares withheld: $106,990 (1,968 shares).
• Transaction type/code: F — payment of exercise price or tax liability by delivering or withholding securities (shares were retained to cover taxes).
• Shares owned after the transaction: not specified in the details supplied here; see the full Form 4 for beneficial ownership totals.
• Filing date: 2026-09-03 — appears to be filed timely (within standard Form 4 reporting window).

Context

• Withholding shares to cover taxes is common when options are exercised or restricted stock vests; it is an administrative disposition rather than a market sale and does not necessarily indicate the insider’s market view.
• For retail investors, such withholding transactions are generally routine and less informative than open-market purchases or sales.