SPG CEO Eli Simon awarded 3,117 RSUs

Simon Eli reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Simon Eli reported acquisition or exercise transactions in this Form 4 filing.

SIMON PROPERTY GROUP INC. director and CEO/President/COO Eli Simon reported receiving a grant of 3,117 Restricted Stock Units. Each RSU represents the right to receive one share of the company’s common stock at settlement. The award was issued under the Simon Property Group, L.P. 2019 Stock Incentive Plan in compliance with Rule 16b-3. The RSUs are scheduled to vest on March 11, 2029, subject to continued service, with potential earlier vesting upon events such as death, disability, change of control, or retirement as determined under the plan and related grant terms.

Insider Trade Summary

Grant/Award: 3,117 shares

Grant/Award 1 txn

Insider Simon Eli

Role CEO/PRESIDENT/COO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	3,117	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 3,117 contracts (Direct)

Footnotes (2)

1. F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of the Simon Property Group, Inc. (the "Company").
2. F2. The RSUs are being issued under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan (the "Plan"), in compliance with Rule 16b-3. The RSUs will vest on March 11, 2029, subject to a continued service requirement, or may vest and settle earlier due the Reporting Person's death or disability, a change of control of the Company, the retirement of the Reporting Person, subject to the approval of the Company's Compensation and Human Capital Committee (the "Compensation Committee"), or as may otherwise be determined by the Company's Compensation Committee in accordance with the terms of the grant agreement and the Plan. Vested RSUs will be settled in shares of the Company's common stock as soon as practicable after the vesting date.

Key Figures

RSUs granted: 3,117 units Underlying shares: 3,117 shares Total RSUs after grant: 3,117 units +1 more

4 metrics

RSUs granted 3,117 units Restricted Stock Units granted to Eli Simon

Underlying shares 3,117 shares Common stock underlying the RSUs

Total RSUs after grant 3,117 units Holdings following this transaction

Vesting date March 11, 2029 Scheduled RSU vesting date, subject to conditions

Key Terms

Restricted Stock Units, 2019 Stock Incentive Plan, Rule 16b-3, change of control, +1 more

5 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2019 Stock Incentive Plan financial

"issued under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan"

Rule 16b-3 regulatory

"The RSUs are being issued under a stock incentive program ... in compliance with Rule 16b-3."

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

change of control financial

"may vest and settle earlier due the Reporting Person's death or disability, a change of control of the Company"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

vesting financial

"The RSUs will vest on March 11, 2029, subject to a continued service requirement"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What insider transaction did SPG CEO Eli Simon report on this Form 4?

Eli Simon reported receiving 3,117 Restricted Stock Units as a compensation-related grant. Each RSU represents the right to receive one share of Simon Property Group common stock at settlement, according to the company’s 2019 Stock Incentive Plan and associated grant terms.

How many SPG Restricted Stock Units were granted to Eli Simon and what do they represent?

Eli Simon was granted 3,117 Restricted Stock Units of SIMON PROPERTY GROUP INC. Each RSU gives a contingent right to receive one share of SPG common stock at settlement, effectively tying future share delivery to the vesting conditions described in the plan.

When do Eli Simon’s newly granted SPG RSUs vest and under what conditions?

The 3,117 SPG Restricted Stock Units are scheduled to vest on March 11, 2029, subject to continued service. Vesting may occur earlier upon death, disability, change of control, or retirement, as determined by the Compensation and Human Capital Committee under the plan and grant agreement.

Were Eli Simon’s SPG RSUs an open-market purchase or a compensation grant?

The Form 4 shows a compensation grant, not an open-market purchase. Eli Simon received 3,117 Restricted Stock Units under the Simon Property Group, L.P. 2019 Stock Incentive Plan, issued in compliance with Rule 16b-3, reflecting an award of equity-based compensation.

How will Eli Simon’s SPG Restricted Stock Units be settled once they vest?

Once vested, Eli Simon’s SPG Restricted Stock Units will be settled in shares of the company’s common stock. Settlement will occur as soon as practicable after the applicable vesting date, consistent with the terms of the 2019 Stock Incentive Plan and the specific grant agreement.

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

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Accepted by SEC EDGAR 05/15/2026 - 11:16 AM 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^*

Simon Eli

(Last) (First) (Middle)

225 W. WASHINGTON ST.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO/PRESIDENT/COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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

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)	05/13/2026		A		3,117		(2)	(2)	Common Stock	3,117	$0	3,117	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of the Simon Property Group, Inc. (the "Company").

2. The RSUs are being issued under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan (the "Plan"), in compliance with Rule 16b-3. The RSUs will vest on March 11, 2029, subject to a continued service requirement, or may vest and settle earlier due the Reporting Person's death or disability, a change of control of the Company, the retirement of the Reporting Person, subject to the approval of the Company's Compensation and Human Capital Committee (the "Compensation Committee"), or as may otherwise be determined by the Company's Compensation Committee in accordance with the terms of the grant agreement and the Plan. Vested RSUs will be settled in shares of the Company's common stock as soon as practicable after the vesting date.

	/s/ Eli Simon by his attorney-in-fact, Steven E. Fivel	05/15/2026
	** 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)