CBL & Associates CEO Sells Shares Worth $2.6 Million
Stephen D. Lebovitz, CEO of CBL & Associates Properties (NYSE:CBL), sold 50,000 shares for approximately $2.6 million in a transaction reported via an SEC Form 4 filing on September 17, 2026. The sale occurred at a weighted average price of $52.83 per share, slightly below the closing market price of $53.06 that day. Lebovitz remains a significant shareholder with over 507,000 shares directly and indirectly held, representing an ownership stake worth approximately $26.9 million or about 1.7% of CBL & Associates Properties. The company operates as a real estate investment trust (REIT) managing retail properties across the U.S., generating revenue through tenant leasing and property management fees. While insider selling can raise investor concerns, Lebovitz's stake remains substantial. Investors are advised to monitor further insider activity and upcoming quarterly results scheduled for early November.
Topics: ceo reit stock_sales