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CBL & associates properties director sells $68,200 in stock

Published 07/03/2025, 17:02
CBL & associates properties director sells $68,200 in stock
CBL
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Robert G. Gifford, a director at CBL & Associates Properties Inc. (NYSE:CBL), recently sold a portion of his holdings in the company. According to a filing submitted to the Securities and Exchange Commission, Gifford sold 3,100 shares of common stock on April 11, 2024, at a price of $22.00 per share, generating a total of $68,200. Following this transaction, Gifford retains ownership of 17,408 shares in the real estate investment trust. According to InvestingPro, management has been aggressively buying back shares, with several more exclusive insights available to subscribers. The company’s market capitalization currently stands at $907 million.

In other recent news, CBL & Associates Properties, Inc. announced its financial results for the fourth quarter and the full year ending December 31, 2024. While specific figures were not disclosed, the release is part of the company’s routine transparency practices to keep investors informed. The company also declared a quarterly cash dividend of $0.40 per common share for the first quarter of 2025, with an additional special cash dividend of $0.80 per common share. These dividends are set for payment on March 31, 2025, to shareholders of record by March 13.

In another development, CBL & Associates enhanced its executive compensation plans, effective February 12, 2025. The update includes the introduction of the 2025 Annual Incentive Compensation Plan and the 2025 Long Term Incentive Compensation Program, aiming to align executive incentives with shareholder interests. The company has also increased bonus targets for executives, reflecting a 5% rise compared to the previous year. Additionally, Benjamin W. Jaenicke, the Chief Financial Officer, received a one-time merit-based bonus increase of $100,000 for the 2024 fiscal year. These updates were developed with the assistance of Ferguson Partners Consulting, L.P.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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