CBL (CBL) COO uses share withholding to cover taxes on vesting stock

Rhea-AI Filing Summary

CBL & Associates Properties executive Kathryn A. Reinsmidt, EVP and Chief Operating Officer, reported two tax-related share dispositions. On February 17, 2026, a total of 1,146 common shares at $35.59 and 1,515 common shares at $36.125 were withheld to cover taxes on previously granted restricted stock that vested in February 2026. Following these non‑open‑market transactions, she continued to hold over 156,000 common shares directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reinsmidt Kathryn A.

(Last) (First) (Middle)

CBL CENTER, STE 500

2030 HAMILTON PLACE BLVD

(Street)

CHATTANOOGA TN 37421

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CBL & ASSOCIATES PROPERTIES INC [ CBL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/17/2026		F		1,146	D	$35.59(1)	157,569	D
Common Stock	02/17/2026		F		1,515	D	$36.125(1)	156,054	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On February 17, 2026, the Issuer calculated and notified the Reporting Person of the number of shares to be withheld for taxes in connection with the vesting of shares from prior restricted stock awards on February 12, 2026 (determined using the $35.59 average of the high and low NYSE prices reported for Issuer's common stock on such date) and on February 15, 2026 (using the $36.125 average of the high and low NYSE prices reported for Issuer's common stock on February 13, 2026, the last trading day prior to the vesting date).

	/s/ Jeffery V. Curry, attorney-in-fact for Kathryn A. Reinsmidt	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did CBL EVP Kathryn Reinsmidt report on this Form 4?

Kathryn A. Reinsmidt reported tax-related dispositions of CBL common stock. Shares were withheld by the company to satisfy tax obligations triggered by the vesting of prior restricted stock awards, rather than being sold in open-market transactions.

How many CBL shares were disposed of for tax withholding by Kathryn Reinsmidt?

A total of 2,661 CBL common shares were disposed of for tax withholding. The transactions covered 1,146 shares at $35.59 and 1,515 shares at $36.125 in connection with vesting restricted stock awards.

On what date were the CBL tax-withholding share transactions effective?

The issuer calculated and notified the February 17, 2026 tax-withholding share amounts. These related to restricted stock that vested on February 12, 2026 and February 15, 2026, with prices based on NYSE trading averages around those vesting dates.

Were Kathryn Reinsmidt’s CBL share dispositions open-market sales?

The transactions were not open-market sales. They were coded “F,” meaning shares were withheld to pay tax liabilities arising from restricted stock vesting, rather than voluntarily sold by the executive in market trades.

How many CBL shares did Kathryn Reinsmidt hold after these tax-withholding transactions?

After the tax-withholding dispositions, Kathryn A. Reinsmidt reported direct ownership of more than 156,000 CBL common shares. The filing shows 157,569 shares after one transaction and 156,054 shares after the second transaction.