CBL (NYSE: CBL) executive reports tax-withholding stock disposals on Form 4

Rhea-AI Filing Summary

CBL & Associates Properties Inc. executive vice president of accounting Andrew Franklin Cobb reported two tax-related share dispositions of company common stock. On February 17, 2026, a total of 880 shares were withheld to cover tax liabilities tied to vesting of prior restricted stock awards.

The withheld shares consisted of 409 shares valued at $35.59 per share and 471 shares valued at $36.125 per share, each price based on the average of the high and low NYSE prices on specified dates. After these tax-withholding dispositions, Cobb directly owned 67,772 shares, including 25,680 shares held in a jointly owned account with his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Cobb Andrew Franklin

Role Exec VP-Accounting

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	409	$35.59	$15K
Tax Withholding	Common Stock	471	$36.125	$17K

Holdings After Transaction: Common Stock — 68,243 shares (Direct)

Footnotes (1)

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). This total includes 25,680 shares held in an account owned jointly by the Reporting Person and his spouse.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Cobb Andrew Franklin

(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)
	Exec VP-Accounting

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		409	D	$35.59(1)	68,243	D(2)
Common Stock	02/17/2026		F		471	D	$36.125(1)	67,772	D(2)

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).

2. This total includes 25,680 shares held in an account owned jointly by the Reporting Person and his spouse.

	/s/ Jeffery V. Curry, attorney-in-fact for Andrew F. Cobb	02/18/2026
	** 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.

FAQ

What insider transaction did CBL executive Andrew Franklin Cobb report on this Form 4?

Andrew Franklin Cobb reported tax-withholding dispositions of CBL common stock. On February 17, 2026, 880 shares were withheld to satisfy tax liabilities arising from the vesting of prior restricted stock awards that vested on February 12 and February 15, 2026.

How many CBL shares were withheld for taxes in Andrew Cobbs February 2026 transaction?

A total of 880 CBL common shares were withheld for taxes. This consisted of 409 shares at $35.59 per share and 471 shares at $36.125 per share, with prices based on average NYSE highs and lows on specified dates.

Were Andrew Cobbs CBL share dispositions open-market sales or tax withholdings?

The reported CBL share dispositions were tax withholdings, not open-market sales. The Form 4 lists transaction code F and describes them as payment of tax liability by delivering securities in connection with restricted stock awards vesting.

What is Andrew Cobbs CBL share ownership after the February 17, 2026 transactions?

After the February 17, 2026 tax-withholding dispositions, Andrew Cobb directly owned 67,772 CBL common shares. This total includes 25,680 shares held in an account owned jointly by Cobb and his spouse, as disclosed in the footnotes.

How were the CBL tax-withholding share values determined for Andrew Cobbs Form 4?

The share values were based on average NYSE trading prices. The issuer used the average of the high and low prices on February 12, 2026 for the $35.59 valuation and on February 13, 2026 for the $36.125 valuation tied to the vesting dates.