CBL & Associates Properties (NYSE: CBL) exec reports tax share withholdings

Rhea-AI Filing Summary

CBL & Associates Properties executive Howard B. Grody reported tax-withholding share dispositions related to restricted stock vesting. On February 17, 2026, 409 common shares at $35.59 and 471 shares at $36.125 were withheld to cover taxes on awards that vested on February 12 and February 15, 2026.

After these non-market transactions, Grody directly owned 82,039 common shares, including 24 shares held in a joint account with his spouse.

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^*

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)
02/17/2026

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)	82,510	D(2)
Common Stock	02/17/2026		F		471	D	$36.125(1)	82,039	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 24 shares held in an account owned jointly by the Reporting Person and his spouse.

	/s/ Jeffery V. Curry, attorney-in-fact for Howard Grody	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 did Howard B. Grody report in his latest CBL (CBL) Form 4?

Howard B. Grody reported two tax-withholding dispositions of CBL common stock. A total of 409 shares at $35.59 and 471 shares at $36.125 were withheld to satisfy tax obligations on previously granted restricted stock awards that recently vested.

Were Howard B. Grody’s CBL (CBL) share transactions open-market sales?

No, the transactions were not open-market sales. Both were coded as tax-withholding dispositions, meaning shares were withheld by the issuer to cover tax liabilities arising from vesting restricted stock awards rather than being sold on the open market.

What vesting events triggered the tax-withholding share dispositions at CBL (CBL)?

The tax-withholding dispositions were triggered by vesting of prior restricted stock awards. Shares vested on February 12, 2026 and February 15, 2026, and the issuer calculated shares to withhold for taxes using NYSE price averages from those vesting-related dates.

What prices were used to calculate CBL (CBL) shares withheld for Howard B. Grody?

CBL used NYSE price averages to determine shares withheld. For the February 12, 2026 vesting, it used $35.59, and for the February 15, 2026 vesting, it used $36.125, based on averages of the high and low NYSE prices on referenced dates.

How many CBL (CBL) shares does Howard B. Grody own after these transactions?

After the reported tax-withholding dispositions, Howard B. Grody directly owned 82,039 CBL common shares. This total includes 24 shares held in an account owned jointly by Grody and his spouse, as disclosed in the filing’s footnotes.

What is Howard B. Grody’s role at CBL (CBL) mentioned in the Form 4?

The Form 4 lists Howard B. Grody as an officer of CBL & Associates Properties Inc. His specific title is Executive Vice President–Leasing, indicating a senior leadership role overseeing leasing activities for the company’s properties.