Stephen Lebovitz is Director, Chief Executive Officer of CBL & Associates Properties INC (CBL). The company reported total compensation of $4,604,645 for fiscal year 2025.
| Salary | $719,442 |
|---|---|
| Bonus | $552,516 |
| Stock awards | $1,723,203 |
| Option awards | $0 |
| Non-equity incentive plan | $1,350,743 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $258,741 |
| Total | $4,604,645 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure CBL & Associates Properties INC filed April 22, 2026, accession 0001193125-26-170410.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Director, Chief Executive Officer | $719,442 | $552,516 | $1,723,203 | $0 | $1,350,743 | $0 | $258,741 | $4,604,645 |
| FY2024 | Director, Chief Executive Officer | $719,442 | $484,110 | $1,599,544 | $0 | $1,284,621 | $0 | $303,550 | $4,391,267 |
| FY2023 | Director, Chief Executive Officer | $719,442 | $346,726 | $2,353,752 | $0 | $1,029,669 | $0 | $334,402 | $4,783,991 |
| FY2022 | Director Chief Executive Officer | $719,442 | $318,957 | $9,046,372 | $0 | $812,598 | $0 | $315,725 | $11,213,094 |
| FY2021 | Chief Executive Officer | $404,973 | $112,680 | $1,378,500 | — | $239,911 | — | $13,569 | $2,149,633 |
| FY2020 | Chief Executive Officer | $304,995 | $414,000 | $597,763 | — | — | — | $11,311 | $1,328,069 |
Totals as disclosed in each year's own compensation disclosure for CBL & Associates Properties INC.
| Peer-group chief executive median | $7,355,380 |
|---|---|
| Difference from that median | $-2,750,734 |
| Percentile within the disclosed peer group | 10th |
| Peers with a disclosed figure | 9 |
Medians and percentiles are computed across the peer group CBL & Associates Properties INC discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Stephen Lebovitz this page | Director, Chief Executive Officer | $4,604,645 |
| Benjamin Jaenicke | Executive Vice President – Chief Financial Officer and Treasurer | $2,673,752 |
| Michael Lebovitz | President | $1,777,567 |
| Katie Reinsmidt | Executive Vice President – Chief Operating Officer | $1,720,262 |
| Jeffery Curry | Chief Legal Officer and Secretary | $1,585,719 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full CBL & Associates Properties INC compensation brief.
Stephen Lebovitz's compensation sits inside CBL & Associates Properties INC's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.
The CBL & Associates Properties INC (CBL) compensation brief