Cbl & Associates Properties CBL Insider Ownership

NYSE CBL

$48.75 -0.64 (-1.30%)

As of: Oct 21, 2026 · 3:59 PM EDT

Insider Holdings by Owner

11.62Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

38.53%

▼-1.09% pp QoQ

Shares Held by Insiders

11.92Mn

filed for Sep 2026

▼-2.76% QoQ

Shares Outstanding

30.94Mn

30,942,757 shares

Direct Holdings

1.52Mn

Indirect: 10.41Mn

Net Shares Traded (QoQ)

-338.38K

net selling in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 16, 2026

Over the past year, CBL insiders bought $127,375 of stock (4K shares) and sold $122.7 million (2.47Mn shares) on the open market.

By number of insiders, CBL & Associates Properties saw one insider buy and 10 insiders sell on the open market over the past 12 months.
Among CBL & Associates Properties' insiders, the largest open-market purchases in the past 12 months were by Michael A. Torres (Director), totaling $127,375 (4K shares), most recently on November 17, 2025.
On the sell side, Canyon Capital Advisors LLC led open-market sales of CBL & Associates Properties stock over the past 12 months with $117 million (2.36Mn shares), most recently on October 6, 2026.
Apart from open-market trades, CBL insiders received 511.76K shares in stock awards, gave up 134.59K shares to cover taxes or exercise prices and gave away 8.62K shares as gifts in the past 12 months.
Business Quant data puts insider holdings in CBL at 10.62Mn shares across insiders' latest Form 4 filings, or 34.31% of the 30.94Mn shares outstanding; that total is down 13.42% from 12.26Mn shares at the end of Q2 2026.
Of the 10.62Mn shares held by CBL & Associates Properties insiders, 1.52Mn shares (14.30%) are held directly and 9.1Mn shares (85.70%) indirectly, through trusts, partnerships, family members and other entities.
Per Business Quant, 18 insiders of CBL hold shares, counting officers, directors and 10% owners who have filed a Form 4 in the past two years.
CBL & Associates Properties' three largest insider shareholders, based on their latest Form 4 filings, are Canyon Capital Advisors LLC (6.11Mn shares), Ocm XB CBL-E Holdings, LLC (10% owner, 2.98Mn shares) and Stephen D. Lebovitz (CEO, 507.34K shares).
The holding of Canyon Capital Advisors LLC makes up 57.55% of all shares held by CBL & Associates Properties insiders.
In the past year, 17 insiders of CBL & Associates Properties submitted 53 Form 4 filings reporting trades, awards or other transactions.
These insider figures for CBL & Associates Properties are based on Form 4 filings through October 8, 2026.

Form 4 Holdings

Insiders Holding CBL

Insiders 26

Shares held 11.62Mn

Of outstanding 37.56%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Capital Advisors Llc Canyon	Other	0	6,108,794	6,108,794	52.6%	08 Oct, 2026
2	Xb Cbl-E Holdings, Llc Ocm	TenPercentOwner	0	2,983,967	2,983,967	25.7%	09 Dec, 2024
3	Asset Management Inc. Brookfield	TenPercentOwner	0	585,735	585,735	5.0%	06 Apr, 2022
4	Stephen D Lebovitz	Ceo	507,019	0	507,019	4.4%	17 Sep, 2026
5	Jeffery V. Curry	Chief Legal Officer Sec.	143,018	0	143,018	1.2%	10 Sep, 2026
6	Kathryn A. Reinsmidt	Evp Chief Operating Officer	138,539	0	138,539	1.2%	20 Aug, 2026
7	Benjamin W Jaenicke	Evp Chief Financial Officer	128,639	0	128,639	1.1%	03 Sep, 2026
8	Value Partners, Llc Strategic	TenPercentOwner	0	127,617	127,617	1.1%	31 Jul, 2024
9	Excelsior Management Llc Svp	TenPercentOwner	0	125,270	125,270	1.1%	31 Jul, 2024
10	David J Contis	Director	117,170	0	117,170	1.0%	13 Feb, 2026
11	Michael I Lebovitz	President	110,542	0	110,542	1.0%	18 Feb, 2026
12	Alan L. Lebovitz	Executive Vp Management	86,125	0	86,125	0.7%	13 Feb, 2026
13	Charles B Lebovitz	Chairman Emeritus	0	84,708	84,708	0.7%	14 Mar, 2023
14	Howard B. Grody	Exec Vp Leasing	76,311	0	76,311	0.7%	22 Jun, 2026
15	Andrew Franklin Cobb	Exec Vp Accounting	59,622	0	59,622	0.5%	18 May, 2026
16	Jonathan M Heller	Director	47,489	0	47,489	0.4%	26 Jan, 2023
17	Marjorie L. Bowen	Director	33,440	0	33,440	0.3%	17 Dec, 2025
18	Farzana K Mitchell	Exec Vp Cfo	25,846	0	25,846	0.2%	04 Jan, 2023
19	Jennifer Cope	Evp Ops Services Risk Mgmt	24,009	0	24,009	0.2%	25 Sep, 2026
20	Joseph Khalili	Evp Financial Planning Anlys	23,948	0	23,948	0.2%	23 Sep, 2026
21	Robert G Gifford	Director	20,754	0	20,754	0.2%	17 Dec, 2025
22	David Michael Fields	Director	18,522	0	18,522	0.2%	09 Jun, 2026
23	Jeffrey Kivitz	Director	17,606	0	17,606	0.2%	17 Dec, 2025
24	Special Situations Iv Llc Svp	TenPercentOwner	0	13,151	13,151	0.1%	12 Dec, 2022
25	Michael A Torres	Director	12,578	0	12,578	0.1%	17 Dec, 2025
26	Kaj Vazales	Director	3,143	0	3,143	0.0%	30 Jan, 2023

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

1,939 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
06 Oct, 2026	Capital Advisors Llc Canyon	Other	Disposed S	1,307,500	$52.19	$68.24Mn	6,108,794	Indirect
24 Sep, 2026	Jennifer Cope	Evp Ops Services Risk Mgmt	Disposed S	6,763	$52.00	$351.68K	24,009	Direct
22 Sep, 2026	Joseph Khalili	Evp Financial Planning Anlys	Disposed S	6,763	$54.21	$366.65K	23,948	Direct
16 Sep, 2026	Stephen D Lebovitz	Ceo	Disposed S	43,133	$52.73	$2.27Mn	513,886	Direct
16 Sep, 2026	Stephen D Lebovitz	Ceo	Disposed S	6,867	$53.47	$367.17K	507,019	Direct
09 Sep, 2026	Jeffery V. Curry	Chief Legal Officer Sec.	Disposed G	1,800	$0.00	$0	143,018	Direct
03 Sep, 2026	Jeffery V. Curry	Chief Legal Officer Sec.	Disposed S	681	$55.10	$37.52K	144,818	Direct
01 Sep, 2026	Benjamin W Jaenicke	Evp Chief Financial Officer	Disposed F	1,968	$54.37	$106.99K	128,639	Direct
18 Aug, 2026	Kathryn A. Reinsmidt	Evp Chief Operating Officer	Disposed S	17,515	$57.10	$1.00Mn	138,539	Direct
18 Jun, 2026	Howard B. Grody	Exec Vp Leasing	Disposed S	4,728	$48.06	$227.22K	77,311	Direct
18 Jun, 2026	Howard B. Grody	Exec Vp Leasing	Disposed S	1,000	$47.92	$47.92K	76,311	Direct
05 Jun, 2026	David Michael Fields	Director	Disposed S	3,592	$47.97	$172.31K	18,522	Direct
02 Jun, 2026	Benjamin W Jaenicke	Evp Chief Financial Officer	Disposed S	5,974	$48.45	$289.44K	131,133	Direct
02 Jun, 2026	Benjamin W Jaenicke	Evp Chief Financial Officer	Disposed S	526	$48.57	$25.55K	130,607	Direct
22 May, 2026	Capital Advisors Llc Canyon	Other	Disposed S	1,050,000	$46.44	$48.76Mn	7,416,294	Indirect
14 May, 2026	Andrew Franklin Cobb	Exec Vp Accounting	Disposed S	8,099	$45.80	$370.97K	59,673	Direct
14 May, 2026	Andrew Franklin Cobb	Exec Vp Accounting	Disposed S	51	$46.31	$2.36K	59,622	Direct
08 Apr, 2026	Jeffery V. Curry	Chief Legal Officer Sec.	Disposed G	2,476	$0.00	$0	145,499	Direct
06 Apr, 2026	Jeffery V. Curry	Chief Legal Officer Sec.	Disposed G	3,000	$0.00	$0	147,975	Direct
17 Feb, 2026	Benjamin W Jaenicke	Evp Chief Financial Officer	Disposed F	2,191	$35.59	$77.98K	140,528	Direct

Showing 1 to 20 of 1,939 transactions