Director Daniel C. Smith adds SPG (NYSE: SPG) shares through dividend reinvestment

Rhea-AI Filing Summary

Simon Property Group director Daniel C. Smith increased his direct holdings through a small automatic share acquisition. On this Form 4, he acquired 355 shares of common stock at an indicated price of $183.80 per share. Following this transaction, he directly owns 33,035 shares of Simon Property Group common stock.

According to the footnote, these shares were acquired through the reinvestment of dividends received on restricted stock previously awarded to him as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. This indicates the transaction was driven by a dividend reinvestment feature on existing awards rather than a discretionary open-market purchase.

Insider Trade Summary

Net Buyer: 355 shares ($65,249)

Net Buy 1 txn

Insider Smith Daniel C.

Role Director

Bought 355 shs ($65K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	355	$183.80	$65K

Holdings After Transaction: Common Stock — 33,035 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 355 shares Indicated price per share: $183.80 per share Shares owned after transaction: 33,035 shares +1 more

4 metrics

Shares acquired 355 shares Common Stock acquired on March 31, 2026

Indicated price per share $183.80 per share Value used for the 355-share acquisition

Shares owned after transaction 33,035 shares Direct holdings following the reported acquisition

Net buy shares in filing 355 shares Net change across all reported transactions

Key Terms

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

4 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"

Form 4 Insider Transactions: What Each Field Means →

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^*

Smith Daniel C.

(Last) (First) (Middle)

5510 N. SHERIDAN ROAD

APT. 10B

(Street)

CHICAGO ILLINOIS 60640

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		P(1)		355	A	$183.8(1)	33,035	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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/ Daniel C. Smith 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)

FAQ

What insider transaction did SPG director Daniel C. Smith report?

Daniel C. Smith reported acquiring 355 shares of Simon Property Group common stock. The shares came from dividend reinvestment on previously granted restricted stock, reflecting an automatic increase in his equity position rather than a discretionary cash purchase in the open market.

How many Simon Property Group (SPG) shares does Daniel C. Smith now hold?

After this transaction, Daniel C. Smith directly holds 33,035 shares of Simon Property Group common stock. This reflects the addition of 355 shares acquired via dividend reinvestment on restricted stock granted as non-cash compensation under the company’s 2019 Stock Incentive Plan.

What was the price associated with Daniel C. Smith’s SPG share acquisition?

The filing reports an indicated price of $183.80 per Simon Property Group share for the 355 shares. This price is used to value the dividend reinvestment transaction tied to restricted stock awards, rather than representing a separate negotiated or discretionary open-market trade.

Was Daniel C. Smith’s SPG transaction an open-market insider buy?

Although coded as a purchase, the footnote explains the 355 shares were acquired via reinvestment of dividends on restricted stock awards. That means the increase in holdings stems from plan mechanics and non-cash compensation, not a newly initiated open-market buying decision with fresh capital.

What plan governed the SPG shares acquired by Daniel C. Smith?

The acquired shares are linked to the Simon Property Group, L.P. 2019 Stock Incentive Plan. Dividends on restricted stock granted as non-cash compensation under this plan were reinvested into additional common shares, automatically increasing Smith’s direct ownership position in the company.