Were Glyn Aeppel’s SPG share acquisitions open-market purchases?

While coded as purchases, the footnote states the 243 shares came from dividend reinvestment on restricted stock. This means the increase in holdings arose automatically under a compensation plan, not from a discretionary open-market cash trade initiated by the director.

Dividend reinvestment adds 243 Simon Property (NYSE: SPG) shares

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

SIMON PROPERTY GROUP INC. director Glyn Aeppel reported buying additional common stock of the company. On June 30, 2026, Aeppel acquired a total of 243 shares of Simon Property Group common stock in two transactions. One transaction covered 44 shares at $224.33 per share and the other covered 199 shares at $223.14 per share. According to the footnote, these shares were acquired through the reinvestment of dividends on restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan, making this a routine, plan-driven increase rather than a discretionary open-market trade.

Insider Trade Summary

Net Buyer: 243 shares ($54,275)

Net Buy 2 txns

Insider Aeppel Glyn

Role null

Bought 243 shs ($54K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	199	$223.14	$44K
Purchase	Common Stock	44	$224.33	$10K

Holdings After Transaction: Common Stock — 21,023 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Total shares acquired: 243 shares First purchase tranche: 44 shares at $224.33/share Second purchase tranche: 199 shares at $223.14/share

3 metrics

Total shares acquired 243 shares Common stock acquired on June 30, 2026

First purchase tranche 44 shares at $224.33/share Common stock transaction on June 30, 2026

Second purchase tranche 199 shares at $223.14/share Common stock transaction on June 30, 2026

Key Terms

restricted stock, non-cash compensation, 2019 Stock Incentive Plan, dividends, +1 more

5 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"

2019 Stock Incentive Plan financial

"under the Simon Property Group, L.P. 2019 Stock Incentive Plan"

dividends financial

"acquired through the reinvestment of dividends received on restricted stock"

Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.

reinvestment financial

"acquired through the reinvestment of dividends received on restricted stock"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 01:44 PM Accepted by SEC EDGAR 07/01/2026 - 01:43 PM

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^*

Aeppel Glyn

(Last)

(First)

(Middle)

225 W. WASHINGTON STREET

(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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		P⁽¹⁾		199	A	$223.14⁽¹⁾	21,023	D
Common Stock	06/30/2026		P		44	A	$224.33	21,067	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Glyn F. Aeppel by her attorney-in-fact, Steven E. Fivel	07/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SPG director Glyn Aeppel report?

Director Glyn Aeppel reported acquiring 243 shares of Simon Property Group common stock. The shares were obtained on June 30, 2026 through dividend reinvestment on restricted stock rather than a discretionary cash purchase in the open market.

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

Aeppel acquired a total of 243 SPG common shares. This consisted of 44 shares at $224.33 per share and 199 shares at $223.14 per share, all credited through a dividend reinvestment related to existing restricted stock awards.

On what date were the new SPG shares credited to Glyn Aeppel?

The 243 Simon Property Group shares were credited on June 30, 2026. Both transactions are reported with that same transaction date, reflecting routine processing of dividend reinvestment tied to the director’s previously awarded restricted stock.

What plan governed the SPG dividend reinvestment for Glyn Aeppel?

The dividend reinvestment occurred under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Dividends paid on Aeppel’s restricted stock were automatically reinvested into additional common shares, which were then reported on this Form 4 filing as acquired stock.

Is Glyn Aeppel an officer or only a director of Simon Property Group?

The filing identifies Glyn Aeppel as a director of SIMON PROPERTY GROUP INC. and not as an officer. The reported 243-share acquisition reflects changes in director equity compensation through dividend reinvestment on previously granted restricted stock awards.