CBL & ASSOCIATES PROPERTIES INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2: Unregistered Sales of Equity Securities and Use of Proceeds
| Period · TotalNumberof SharesPurchased · AveragePrice PaidPer Share · Total Number ofShares Purchased asPart of a PubliclyAnnounced Plan (1) · Approximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plan (in thousands) | |||||||
|---|---|---|---|---|---|---|---|
| July 1–31, 2024 | 84,336 | $23.68 | 84,336 | $5,636 | |||
| August 1–31, 2024 | 105,416 | 26.46 | 105,416 | 2,847 | |||
| September 1–30, 2024 | 112,118 | (2) | 25.67 | (3) | 110,900 | — | |
| Total | 301,870 | 300,652 | |||||
(1)
In August 2023, our board of directors authorized the repurchase of up to $25.0 million of our outstanding common stock beginning on August 10, 2023. In August 2024, the share repurchase program was extended. In September 2024, the share repurchase program was completed.
(2)
Includes 1,218 shares surrendered to us by an employee to satisfy federal and state income tax requirements related to vesting of shares of restricted stock.
(3)
For the 1,218 shares surrendered to satisfy federal and state income tax requirements, $26.59 represented the average market value per share of the common stock on the vesting date, which was used to determine the number of shares required to be surrendered to satisfy income tax withholding.
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