CBL & Associates Properties Executive Vice President of Leasing Howard Grody sold 5,728 shares of common stock for approximately $275,000, according to an SEC filing. The sale represented 7% of his direct holdings, leaving him with 76,311 shares worth roughly $3.62 million based on the June 18 closing price of $48.03. It marks his only open-market sale since December 2023, executed after CBL shares returned 100% over the prior year. The company recently reported a 15% year-over-year increase in first-quarter adjusted funds from operations to $1.73 per share, raised full-year guidance, and boosted its quarterly dividend by 39%.
CBL & Associates Properties IncInsider sale by EVP after stock doubled, but company also reported strong earnings and raised guidance.