CBL exec reports stock grants, tax share offsets

CBL & Associates Properties executive vice president of leasing Howard B. Grody reported several equity compensation transactions in company common stock.

Rhea-AI Filing Summary

CBL & Associates Properties executive vice president of leasing Howard B. Grody reported several equity compensation transactions in company common stock. On February 11, 2026, he received grants or issuances totaling 36,486 shares of restricted and performance-based stock at a price of $0 per share under company equity plans.

On the same date, Grody had two tax-withholding dispositions coded "F" totaling 4,909 shares at prices of $36.545 and $36.045 per share to cover tax obligations. After these transactions, he directly beneficially owned 82,919 shares of common stock, including 24 shares held in a jointly owned account with his spouse.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Grody Howard B.

Role Exec VP-Leasing

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	657	$36.545	$24K
Grant/Award	Common Stock	4,310	$0.00	$0.00
Grant/Award	Common Stock	21,605	$0.00	$0.00
Grant/Award	Common Stock	10,571	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	4,252	$36.045	$153K

Holdings After Transaction: Common Stock — 82,919 shares (Direct)

Footnotes (4)

1. F1. This total includes 24 shares held in an account owned jointly by the Reporting Person and his spouse.
2. F2. Grant of restricted Common Stock pursuant to the 2021 Equity Incentive Plan.
3. F3. Grant of restricted Common Stock in accordance with the Reporting Person's 2023 Performance Stock Unit Award Agreement.
4. F4. Common Stock issued in accordance with the Reporting Person's 2022 Performance Stock Unit Award Agreement.

FAQ

What insider activity did CBL (CBL) report for Howard B. Grody?

Howard B. Grody reported equity compensation activity on February 11, 2026. He received multiple grants and issuances of CBL common stock and had shares withheld through tax-related dispositions, all reported as non-derivative common stock transactions on his Form 4.

How many CBL shares did Howard B. Grody acquire in the latest Form 4?

Howard B. Grody acquired 36,486 CBL common shares through grants and issuances. These included restricted stock under the 2021 Equity Incentive Plan and stock issued under his 2022 and 2023 performance stock unit award agreements, all reported at a price of zero per share.

What are the tax-withholding dispositions reported by Howard B. Grody at CBL?

Grody reported two tax-withholding dispositions coded "F" totaling 4,909 CBL shares. These disposals were at prices of $36.545 and $36.045 per share, used to satisfy tax obligations related to his equity awards rather than open-market sales for investment purposes.

What is Howard B. Grody’s CBL share ownership after these transactions?

After the reported transactions, Grody directly beneficially owned 82,919 CBL common shares. This figure includes 24 shares held in an account owned jointly with his spouse, as disclosed in the Form 4 footnotes clarifying the composition of his reported share total.

What types of CBL equity awards did Howard B. Grody receive?

Grody received restricted common stock under the 2021 Equity Incentive Plan and stock issued under his 2022 and 2023 Performance Stock Unit Award Agreements. These awards were reported as acquisitions of common stock at a stated price of zero dollars per share on February 11, 2026.

What role does Howard B. Grody hold at CBL & Associates Properties?

Howard B. Grody serves as Executive Vice President–Leasing at CBL & Associates Properties. His position is identified in the Form 4, which reports his direct beneficial ownership and the equity compensation transactions affecting his holdings of the company’s common stock.

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Accepted by SEC EDGAR 02/13/2026 - 02:03 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Grody Howard B.

(Last) (First) (Middle)

2030 HAMILTON PLACE BLVD

CBL CENTER, STE. 500

(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)
	Exec VP-Leasing

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		F		657	D	$36.545	50,685	D(1)
Common Stock	02/11/2026		A(2)		4,310	A	$0	54,995	D(1)
Common Stock	02/11/2026		A(3)		21,605	A	$0	76,600	D(1)
Common Stock	02/11/2026		A(4)		10,571	A	$0	87,171	D(1)
Common Stock	02/11/2026		F		4,252	D	$36.045	82,919	D(1)

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. This total includes 24 shares held in an account owned jointly by the Reporting Person and his spouse.

2. Grant of restricted Common Stock pursuant to the 2021 Equity Incentive Plan.

3. Grant of restricted Common Stock in accordance with the Reporting Person's 2023 Performance Stock Unit Award Agreement.

4. Common Stock issued in accordance with the Reporting Person's 2022 Performance Stock Unit Award Agreement.

	/s/ Jeffery V. Curry, attorney-in-fact for Howard Grody	02/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.