Simon Property Group (NYSE: SPG) GC settles RSUs, withholds 1,024 shares for taxes

Rhea-AI Filing Summary

Simon Property Group General Counsel Steven E. Fivel settled 4,124 Restricted Stock Units on March 2, 2026, receiving an equal number of common shares at no cost. To cover tax withholding on the vesting, 1,024 common shares were disposed of at $203.85 per share. Following these transactions, he directly holds 42,034 common shares, with an additional 383 shares held indirectly by his spouse.

Insider Trade Summary

4,124 shares exercised/converted

Mixed 4 txns

Insider FIVEL STEVEN E

Role GENERAL COUNSEL

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,124	$0.00	--
Exercise	Common Stock	4,124	$0.00	--
Tax Withholding	Common Stock	1,024	$203.85	$209K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 43,058 shares (Direct); Common Stock — 383 shares (Indirect, By Spouse)

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. Represents tax withholding obligations in connection with vesting of RSUs.

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^*

FIVEL STEVEN E

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GENERAL COUNSEL

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		4,124	A	(1)	43,058	D
Common Stock	03/02/2026		F		1,024(2)	D	$203.85	42,034	D
Common Stock								383	I	By Spouse

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			4,124	03/02/2026	03/02/2026	Common Stock	4,124	$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. Represents tax withholding obligations in connection with vesting of RSUs.

	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.
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FAQ

What insider transactions did SPG’s General Counsel report on this Form 4?

SPG’s General Counsel Steven E. Fivel reported settlement of 4,124 Restricted Stock Units into common stock and a related tax-withholding share disposition. These are equity compensation and tax events, not open-market purchases or sales, and adjust his overall ownership position in Simon Property Group.

How many Simon Property Group shares did the General Counsel acquire through RSU vesting?

Steven E. Fivel acquired 4,124 Simon Property Group common shares upon settlement of Restricted Stock Units. Each RSU converted into one share on March 2, 2026, at a price of $0.00 per share, reflecting equity compensation rather than a cash purchase in the open market.

Why were 1,024 SPG shares disposed of in this Form 4 filing?

The 1,024 Simon Property Group shares were disposed of to satisfy tax withholding obligations related to the RSU vesting. They are reported at a transaction price of $203.85 per share, reflecting a tax-withholding disposition rather than a discretionary sale initiated on the open market.

What is the General Counsel’s direct and indirect SPG share ownership after these transactions?

After these transactions, Steven E. Fivel directly owns 42,034 shares of Simon Property Group common stock. Additionally, 383 shares are reported as held indirectly, owned by his spouse, indicating a separate line of beneficial ownership associated with this related party.

What type of securities were involved in Steven E. Fivel’s SPG Form 4 filing?

The filing involves Restricted Stock Units and Simon Property Group common stock. RSUs settled one-for-one into common shares on March 2, 2026, followed by a tax-withholding share disposition, illustrating typical equity compensation mechanics for a senior executive officer.