SPG CAO reports tax-withholding share disposition

SIMON PROPERTY GROUP INC. chief administrative officer John Rulli reported a routine tax-related share disposition.

Rhea-AI Filing Summary

SIMON PROPERTY GROUP INC. chief administrative officer John Rulli reported a routine tax-related share disposition. On April 1, 2026, 1,156 shares of common stock were withheld at $186.53 per share to cover tax obligations tied to restricted stock vesting. After this, he directly holds 37,487 shares and indirectly holds 2,028 shares through a 401(k) plan, which includes 24 shares acquired via the company’s dividend reinvestment plan.

Insider Trade Summary

Exercise Price or Tax Liability: 1,156 shares

Exercise Price or Tax Liability 2 txns

Insider RULLI JOHN

Role CHIEF ADMINISTRATIVE OFFICER

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,156	$186.53	$216K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 37,487 shares (Direct); Common Stock — 2,028 shares (Indirect, 401 (K) Plan)

Footnotes (2)

1. F1. Represents tax withholding obligations in connection with the vesting of restricted stock.
2. F2. Includes 24 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on March 4, 2026.

Key Figures

Tax-withholding shares: 1,156 shares Tax-withholding price: $186.53 per share Direct holdings after transaction: 37,487 shares +2 more

5 metrics

Tax-withholding shares 1,156 shares Withheld for taxes on restricted stock vesting on April 1, 2026

Tax-withholding price $186.53 per share Value used for tax-withholding disposition

Direct holdings after transaction 37,487 shares Common stock held directly by John Rulli after April 1, 2026

Indirect 401(k) holdings 2,028 shares Common stock held via 401(k) plan after transaction

DRIP-acquired shares 24 shares Shares acquired through dividend reinvestment plan in 401(k)

Key Terms

restricted stock, dividend reinvestment plan, 401 (K) Plan, tax withholding obligations

4 terms

restricted stock financial

"Represents tax withholding obligations in connection with the vesting of restricted stock."

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.

dividend reinvestment plan financial

"Includes 24 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

401 (K) Plan financial

"nature_of_ownership": "401 (K) Plan""

tax withholding obligations financial

"Represents tax withholding obligations in connection with the vesting of restricted stock."

FAQ

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

What did SPG executive John Rulli report in this Form 4 filing?

John Rulli reported that 1,156 SPG common shares were withheld to satisfy tax obligations from restricted stock vesting. This is a non-market, administrative transaction rather than an open-market sale, and it reflects standard handling of equity compensation taxes.

How many SPG shares does John Rulli hold after the reported transactions?

After the transactions, John Rulli directly holds 37,487 SPG common shares. He also indirectly holds 2,028 shares through a 401(k) plan, giving investors a picture of his ongoing equity stake following the routine tax-withholding event.

Was the SPG Form 4 transaction an open-market sale of shares?

No, the Form 4 shows 1,156 SPG shares were withheld to cover tax obligations on restricted stock vesting. This tax-withholding disposition differs from an open-market sale and does not represent a discretionary decision to sell shares in the market.

What price was used for the tax-withholding of SPG shares in Rulli’s filing?

The filing records the tax-withholding of 1,156 SPG shares at $186.53 per share. This figure is used to calculate the value of shares surrendered to satisfy tax liabilities arising from the vesting of restricted stock awarded to John Rulli.

What does the dividend reinvestment plan note mean in SPG’s Form 4?

A footnote explains that Rulli’s 401(k) holdings include 24 SPG shares acquired through the issuer’s dividend reinvestment plan. This means cash dividends on existing holdings were automatically used to buy additional shares, modestly increasing his indirect ownership over time.

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

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Accepted by SEC EDGAR 04/02/2026 - 03:36 PM EDT 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^*

RULLI JOHN

(Last) (First) (Middle)

225 W. WASHINGTON STREET

(Street)

INDIANAPOLIS INDIANA 46204

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		F		1,156(1)	D	$186.53	37,487	D
Common Stock								2,028(2)	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

Explanation of Responses:

1. Represents tax withholding obligations in connection with the vesting of restricted stock.

2. Includes 24 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on March 4, 2026.

	/s/ John Rulli by his attorney-in-fact, Steven E. Fivel	04/02/2026
	** 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)