Simon Property (SPG) Director Reinvests Dividends to Add 53 Shares

Rhea-AI Filing Summary

Randall J. Lewis, a director of Simon Property Group, reported a small non-cash acquisition of common stock on 09/30/2025. The filing shows 53 shares were acquired at an indicated price of $185.95 through reinvestment of dividends on restricted stock granted under the companys 2019 Stock Incentive Plan. After this reinvestment, the reporting person beneficially owns 4,640 shares. The Form 4 was signed by an attorney-in-fact on 10/01/2025. The disclosure describes a dividend reinvestment of restricted shares as compensation; no derivative transactions, dispositions, or additional terms are reported.

Insights

Corporate Governance Expert

TL;DR: Routine insider dividend reinvestment by a director; limited material impact on shareholder control or governance.

The reported transaction is a non-cash dividend reinvestment into 53 shares of common stock tied to previously awarded restricted stock under the 2019 incentive plan. Such reinvestments are customary and reflect compensation mechanics rather than open-market purchasing intent. The post-transaction beneficial ownership of 4,640 shares remains disclosed, and no options or derivative activity are shown. From a governance perspective this is a routine disclosure that maintains transparency about insider holdings.

Securities Analyst

TL;DR: Small-scale reinvestment; transaction size is immaterial to market price or control.

The Form 4 documents 53 shares added at an indicated price of $185.95 via dividend reinvestment on restricted stock. The filing contains no sales or larger acquisitions and does not modify outstanding derivative positions. The quantity and nature of the transaction suggest no material effect on float or valuation metrics. Reporting and signature details appear complete, signed by attorney-in-fact on 10/01/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LEWIS RANDALL J

(Last) (First) (Middle)

517 ELLIOT CREEK DRIVE

(Street)

CARMEL IN 46032

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMON PROPERTY GROUP INC /DE/ [ SPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		P(1)		53	A	$185.95(1)	4,640	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock acquired through the reinvestment of dividends received on restricted stock awarded to the Reporting Person as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

	/s/ Randall J. Lewis by his attorney-in-fact, Kevin M. Kelly	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Simon Property Group director Randall J. Lewis report on Form 4 (SPG)?

The Form 4 reports that 53 shares of SPG common stock were acquired on 09/30/2025 through dividend reinvestment of restricted stock.

How many shares does Randall J. Lewis beneficially own after the reported transaction?

After the transaction the filing shows 4,640 shares beneficially owned by the reporting person.

What was the reported price per share for the transaction on the Form 4?

The Form 4 lists an indicated price of $185.95 associated with the 53-share reinvestment.

Was this transaction a purchase, sale, or dividend reinvestment?

The filing states the shares were acquired through reinvestment of dividends on restricted stock awarded as non-cash compensation under the 2019 Stock Incentive Plan.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 10/01/2025.