Simon director uses 2,306 shares for tax withholding
SIMON PROPERTY GROUP INC.
Rhea-AI Filing Summary
SIMON PROPERTY GROUP INC. (SPG) reported an insider equity disposition by director Richard S. Sokolov related to tax withholding. On 2026-08-31, 2,306 shares of common stock were withheld at $214.56 per share to satisfy tax obligations arising from the vesting of restricted stock. After this withholding transaction, Sokolov directly held 276,548 shares of SPG common stock. The transaction was not reported as executed under a Rule 10b5-1 trading plan and did not involve an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 2,306 shares
Tax Withholding
1 txn
Insider
SOKOLOV RICHARD S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,306 | $214.56 | $495K |
Holdings After Transaction:
Common Stock — 276,548 shares (Direct)
Footnotes (1)
- F1. Represents tax withholding obligations in connection with the vesting of restricted stock.
Key Figures
Shares disposed for tax withholding: 2,306 shares of Common Stock
Price per share: $214.56 per share
Shares owned following transaction: 276,548 shares of Common Stock
3 metrics
Shares disposed for tax withholding
2,306 shares of Common Stock
Withheld on 2026-08-31 to satisfy tax obligations from vesting of restricted stock
Price per share
$214.56 per share
Value applied to the 2,306 SPG shares withheld for tax obligations
Shares owned following transaction
276,548 shares of Common Stock
Directly owned by Richard S. Sokolov after the 2026-08-31 tax-withholding transaction
Key Terms
Form 4, restricted stock, tax withholding obligations
3 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
restricted stock financial
"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.
tax withholding obligations financial
"Represents tax withholding obligations in connection with the vesting"
FAQ
What insider transaction did SPG disclose for Richard S. Sokolov?
SPG disclosed that director Richard S. Sokolov had 2,306 shares of common stock withheld on 2026-08-31 at $214.56 per share to satisfy tax obligations from vesting of restricted stock, leaving him with 276,548 directly held shares.
Was the SPG Form 4 transaction an open-market sale?
No. The Form 4 states the 2,306 SPG shares represent tax withholding obligations in connection with the vesting of restricted stock, not an open-market sale.
Was the SPG insider transaction made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked false, and no footnote states that the 2,306-share tax-withholding transaction was made under a 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.