Was the SPG director’s share acquisition a cash purchase?

The acquisition was not a cash purchase in the usual sense. The Form 4 footnote explains the 206 shares were acquired through reinvestment of dividends paid on restricted stock granted as non-cash compensation under a stock incentive plan.

Director adds 206 Simon Property (NYSE: SPG) shares via dividend reinvestment

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

SELIG STEFAN M reported open-market purchase transactions in this Form 4 filing.

Simon Property Group director Stefan M. Selig acquired additional company stock through dividend reinvestment. On March 31, 2026, he obtained 206 shares of common stock at an effective price of $183.80 per share via reinvested dividends on restricted stock awards. Following this non-cash acquisition under the 2019 stock incentive plan, he directly holds 32,483 shares of Simon Property Group common stock.

Insider Trade Summary

Net Buyer: 206 shares ($37,863)

Net Buy 1 txn

Insider SELIG STEFAN M

Role Director

Bought 206 shs ($38K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	206	$183.80	$38K

Holdings After Transaction: Common Stock — 32,483 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 206 shares Effective acquisition price: $183.80 per share Shares held after transaction: 32,483 shares +1 more

4 metrics

Shares acquired 206 shares Common stock acquired on March 31, 2026

Effective acquisition price $183.80 per share Price used for recorded transaction

Shares held after transaction 32,483 shares Direct ownership following March 31, 2026 acquisition

Net shares bought 206 shares Net buy direction in transaction summary

Key Terms

restricted stock, non-cash compensation, dividend reinvestment, 2019 Stock Incentive Plan, +1 more

5 terms

restricted stock financial

"restricted stock awarded to the Reporting Person as non-cash compensation"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

non-cash compensation financial

"restricted stock awarded to the Reporting Person as non-cash compensation"

dividend reinvestment financial

"acquired through the reinvestment of dividends received on restricted stock"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

2019 Stock Incentive Plan financial

"under the Simon Property Group, L.P. 2019 Stock Incentive Plan"

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 03:54 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SELIG STEFAN M

(Last)

(First)

(Middle)

2 EAST 70TH STREET

(Street)

NEW YORK

10021

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		P⁽¹⁾		206	A	$183.8⁽¹⁾	32,483	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Stefan M. Selig by his attorney-in-fact, Steven E. Fivel	04/01/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did SPG director Stefan M. Selig report in this Form 4?

Director Stefan M. Selig reported acquiring 206 shares of Simon Property Group common stock. The shares were obtained through dividend reinvestment on restricted stock awards, increasing his direct holdings to 32,483 shares after the transaction.

How many Simon Property Group (SPG) shares did the director acquire?

Stefan M. Selig acquired 206 shares of Simon Property Group common stock. These shares came from reinvested dividends on restricted stock, rather than a cash open-market purchase, and modestly increased his overall direct ownership position.

At what price were the new SPG shares recorded in the filing?

The acquired 206 Simon Property Group shares were recorded at $183.80 per share. This reflects the effective price used for dividend reinvestment on restricted stock, as disclosed in the Form 4 transaction details.

What is Stefan M. Selig’s total SPG shareholding after this transaction?

After this reported acquisition, Stefan M. Selig directly holds 32,483 shares of Simon Property Group common stock. The increase reflects the 206 additional shares received through dividend reinvestment on previously granted restricted stock awards.

What plan governed the restricted stock in this SPG Form 4 filing?

The restricted stock referenced in the filing was awarded under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Dividends on those awards were reinvested into 206 additional shares of common stock reported in this Form 4.