SPG officer reports RSU vesting and tax share disposal

Simon Property Group assistant general counsel Kevin M. Kelly reported routine equity compensation activity.

Rhea-AI Filing Summary

Simon Property Group assistant general counsel Kevin M. Kelly reported routine equity compensation activity. On March 2, 2026, 516 Restricted Stock Units vested and were settled into 516 shares of common stock at a stated price of $0.0000 per share, reflecting a derivative exercise/conversion rather than an open-market purchase.

To cover tax withholding obligations tied to this RSU vesting, 174 common shares were disposed of at $203.8500 per share, characterized as a tax-withholding transaction rather than a discretionary sale. After these transactions, Kelly directly owned 21,848 common shares, and indirectly held 102 shares through a 401(k) plan.

Insider Trade Summary

516 shares exercised/converted

Exercise 4 txns

Insider Kelly Kevin M

Role ASST. GENERAL COUNSEL/SEC.

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	516	$0.00	$0.00
Exercise	Common Stock	516	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	174	$203.85	$35K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 21,848 shares (Direct); Common Stock — 102 shares (Indirect, 401 (K) Plan)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested March 2, 2026.
2. F2. Represents tax withholding obligations in connection with the vesting of RSUs.
3. F3. Includes 2 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on September 2, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SPG officer Kevin M. Kelly report on this Form 4?

Kevin M. Kelly reported vesting and settlement of 516 Restricted Stock Units into common stock of Simon Property Group. These awards represent equity compensation, not open-market buying. The filing also shows related tax-withholding share dispositions connected to the RSU vesting event on March 2, 2026.

How many Simon Property Group (SPG) RSUs vested for Kevin M. Kelly?

A total of 516 Restricted Stock Units vested for Kevin M. Kelly on March 2, 2026. Each RSU represents a right to receive one share of Simon Property Group common stock, so 516 common shares were issued upon settlement of these equity awards at that time.

Did Kevin M. Kelly buy or sell SPG shares in the open market?

The activity was not open-market trading. Kelly acquired 516 SPG shares through RSU settlement and disposed of 174 shares solely to satisfy tax withholding obligations. The disposition, coded “F,” reflects payment of tax liability by delivering shares, rather than a discretionary market sale.

What is Kevin M. Kelly’s SPG share ownership after these transactions?

Following the reported transactions, Kevin M. Kelly directly owned 21,848 shares of Simon Property Group common stock. In addition, he indirectly held 102 shares through a 401(k) plan, giving him both direct and retirement-plan-based exposure to the company’s equity after the RSU vesting.

What role does Kevin M. Kelly hold at Simon Property Group (SPG)?

Kevin M. Kelly serves as Assistant General Counsel and Secretary at Simon Property Group. His Form 4 filing reflects equity compensation activity typical for senior officers, including Restricted Stock Unit vesting, share issuance, and related tax-withholding share dispositions tied to that vesting event.

At what price were SPG shares used to cover Kevin M. Kelly’s tax withholding?

Shares used to satisfy tax withholding were valued at $203.8500 per share. A total of 174 common shares were disposed of under transaction code “F,” which indicates payment of tax obligations by delivering securities instead of using cash to cover the liability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/04/2026 - 02:31 PM Learn about SEC filing dates

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^*

Kelly Kevin M

(Last) (First) (Middle)

225 W. WASHINGTON ST.

(Street)

INDIANAPOLIS IN 46204

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	ASST. GENERAL COUNSEL/SEC.

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		M		516	A	(1)	22,022	D
Common Stock	03/02/2026		F		174(2)	D	$203.85	21,848	D
Common Stock								102(3)	I	401 (K) Plan

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
Restricted Stock Units	(1)	03/02/2026		M			516	03/02/2026	03/02/2026	Common Stock	516	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested March 2, 2026.

2. Represents tax withholding obligations in connection with the vesting of RSUs.

3. Includes 2 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on September 2, 2025.

	Kevin M. Kelly	03/04/2026
	** 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.
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