CBL & Associates approves 2025 comp plans: 5% bonus target hike, CFO merit award

CBL & ASSOCIATES PROPERTIES INC

CEO target cash bonus $1.47M; other NEOs $635k–$349k; all up 5% from 2024 levels.
CFO Benjamin Jaenicke receives additional $100k merit increase on final 2024 bonus payout.
2025 AIP: 70% (CEO)/60% (others) of bonus based on corporate goals (FFO, NOI, leasing, ESG); ESG payout capped at 100%.
LTIP: performance stock units (weighted on relative & absolute TSR over 3 years) plus time-vesting restricted stock; new discretion for pro-rata vesting on retirement.

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