CBL approves 2026 exec compensation: base salaries, 3% bonus hike, new LTIP with PSUs

CBL & ASSOCIATES PROPERTIES INC

New base salaries: CEO $719,442; CFO $404,000; President $428,691; COO $353,500; CLO $406,443.
2026 target cash bonuses total $3.5M across NEOs, a 3% increase over 2025 targets.
LTIP awards: CEO $1.56M (70% PSUs/30% restricted stock); other NEOs $1.29M-$673.5K (60/40).
PSU performance based 30% on relative TSR vs FTSE NAREIT Retail Index and 70% on absolute TSR (5.5%–18% thresholds).
Employment agreements updated with extended terms (through 2027/2029) and uniform 24-month health continuation.

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