David Simon converts 20,619 RSUs to stock at Simon Property (NYSE: SPG)

Rhea-AI Filing Summary

Simon Property Group reported that CEO, Chairman and President David Simon settled restricted stock units into common shares. On March 2, 2026, 20,619 restricted stock units vested and were converted into 20,619 shares of common stock at a stated price of $0.00 per share.

Following this derivative exercise and settlement, David Simon directly owned 1,071,453 shares of Simon Property Group common stock. The filing notes that each restricted stock unit represented the right to receive one common share upon vesting and settlement.

Insider Trade Summary

20,619 shares exercised/converted

Mixed 2 txns

Insider SIMON DAVID

Role CEO/CHAIRMAN/PRESIDENT

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	20,619	$0.00	--
Exercise	Common Stock	20,619	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 1,071,453 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested on March 2, 2026. On December 15, 2025 and December 22, 2025, the Reporting Person received 116,200 shares and 24,480 shares, respectively from a grantor retained annuity trust for the benefit of the Reporting Person, for which the Reporting Person serves as trustee.

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
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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 DAVID

(Last) (First) (Middle)

225 W. WASHINGTON STREET

(Street)

INDIANAPOLIS IN 46204

(City) (State) (Zip)

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/CHAIRMAN/PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/02/2026		M		20,619	A	(1)	1,071,453(2)	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
Restricted Stock Units	(1)	03/02/2026		M			20,619	03/02/2026	03/02/2026	Common Stock	20,619	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested on March 2, 2026.

2. On December 15, 2025 and December 22, 2025, the Reporting Person received 116,200 shares and 24,480 shares, respectively from a grantor retained annuity trust for the benefit of the Reporting Person, for which the Reporting Person serves as trustee.

	/s/ David Simon by his attorney-in-fact, Steven E. Fivel	03/04/2026
	** 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.

FAQ

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

David Simon reported the settlement of 20,619 restricted stock units into common stock. These units vested on March 2, 2026, and converted one-for-one into Simon Property Group common shares, reflecting compensation vesting rather than an open-market stock purchase or sale.

How many Simon Property Group (SPG) shares did David Simon acquire?

David Simon acquired 20,619 shares of Simon Property Group common stock through the settlement of restricted stock units. Each RSU converted into one share upon vesting, increasing his directly held stake as part of his equity compensation package recorded in the Form 4 filing.

What was the price per share for David Simon’s RSU conversion at SPG?

The RSU settlement for David Simon’s 20,619 units occurred at a stated price of $0.00 per share. This reflects a derivative conversion as part of his compensation, not an open-market transaction where shares are bought or sold for cash consideration.

How many SPG shares does David Simon hold after this Form 4 transaction?

After the RSU settlement, David Simon directly owned 1,071,453 shares of Simon Property Group common stock. This total reflects his direct holdings following the conversion of 20,619 restricted stock units that vested on March 2, 2026, as disclosed in the insider report.

What do David Simon’s restricted stock units at SPG represent?

Each restricted stock unit represents the contingent right to receive one Simon Property Group common share upon settlement. When the RSUs vested on March 2, 2026, they were converted into an equal number of common shares, reflecting non-cash equity compensation for the company’s chief executive.