Director at Simon Property Group (NYSE: SPG) receives 1,233-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLASSCOCK LARRY C reported acquisition or exercise transactions in this Form 4 filing.
SIMON PROPERTY GROUP INC. director Larry C. Glasscock received a grant of 1,233 shares of common stock as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. The restricted stock vests one year after the award, increasing his direct holdings to 45,505 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GLASSCOCK LARRY C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,233 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,505 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock award: 1,233 shares
Price per share: $0.00 per share
Post-transaction holdings: 45,505 shares
+2 more
5 metrics
Restricted stock award
1,233 shares
Common Stock grant to director Larry C. Glasscock
Price per share
$0.00 per share
Non-cash compensation grant value on Form 4
Post-transaction holdings
45,505 shares
Glasscock’s direct SPG common stock after award
Transaction code
A
Grant, award, or other acquisition of securities
Vesting period
One year
Restricted stock vests one year after the award
Key Terms
restricted stock, non-cash compensation, 2019 Stock Incentive Plan, grant/award acquisition
4 terms
restricted stock financial
"Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."
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
"Non-cash compensation - Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."
2019 Stock Incentive Plan financial
"Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."
grant/award acquisition financial
"transaction_action: grant/award acquisition, transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did SPG director Larry C. Glasscock report?
Larry C. Glasscock reported receiving 1,233 shares of Simon Property Group common stock as a restricted stock award. This was classified as non-cash compensation and granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan, rather than being an open-market purchase.
Was Larry C. Glasscock’s SPG stock award a cash purchase or compensation grant?
The 1,233-share transaction was a non-cash compensation grant of restricted stock, with a price per share of $0.00. It represents an equity award under the company’s 2019 Stock Incentive Plan, not a market buy of Simon Property Group shares.
What does transaction code A mean in Larry C. Glasscock’s SPG Form 4?
Transaction code A on the Form 4 indicates a grant, award, or other acquisition of securities. In this case, it reflects a restricted stock award of 1,233 Simon Property Group common shares to Larry C. Glasscock as compensation, not an open-market stock purchase or sale.