secwatch.observer — SEC 8-K summary
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Issuer:     CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK:        0000910612
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000950170-24-014478
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBL & Associates approves 2024 executive comp plans; CEO target cash bonus $1.4M
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- CEO Stephen Lebovitz: target cash bonus $1,403,216 (up 5% from 2023), LTIP target value $1,556,500.
- CFO Benjamin Jaenicke: target cash bonus $604,900, LTIP target $1,288,000; funds reallocated from LTIP to AIP.
- 2024 AIP goals include FFO, NOI, lease signings, ESG targets; CEO pay 70% quantitative / 30% qualitative.
- 2024 LTIP includes PSUs (60-70% of award) based on relative TSR vs FTSE NAREIT index and absolute TSR threshold of 6% annualized.
- Target bonus increase of 5% and $850K total reallocation from LTIP to AIP to adjust cash/equity pay mix.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910612/000095017024014478/0000950170-24-014478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910612/000095017024014478/cbl-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-014478

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