Microvast Holdings announces departure of chief financial officer
Robert G. Gifford, a director at CBL & Associates Properties Inc. (NYSE:CBL), recently sold 2,086 shares of the company’s common stock. The shares were sold at a price of $28.75 each, totaling $59,972. Following the transaction, Gifford holds 20,508 shares in the real estate investment trust company, which currently offers a 5.13% dividend yield. The sale was disclosed in a filing made public on March 3, 2025. InvestingPro data reveals that while management has been actively buying back shares, the stock appears overvalued based on its Fair Value metrics. Subscribers can access 4 additional exclusive ProTips and comprehensive valuation analysis.
In other recent news, CBL & Associates Properties, Inc. reported its financial results for the fourth quarter and full year ending December 31, 2024. The company, a real estate investment trust, provided these outcomes to keep investors informed about its financial status, although specific figures were not detailed in the announcement. Additionally, CBL declared a quarterly cash dividend of $0.40 per common share for the first quarter of 2025, with an annual rate set at $1.60 per share. The Board of Directors also announced a special cash dividend of $0.80 per common share, both payable on March 31, 2025. CEO Stephen D. Lebovitz highlighted the company’s operational improvements and strong cash flow as factors supporting these dividends. In further developments, CBL has updated its executive compensation plans, introducing the 2025 Annual Incentive Compensation Plan and the 2025 Long Term Incentive Compensation Program. These plans aim to align executive incentives with shareholder interests and the company’s long-term performance goals. The changes include higher bonus targets for executives and a merit-based bonus increase for CFO Benjamin W. Jaenicke.
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