Simon Property Group (SPG) CAO settles RSUs, withholds shares for tax

Rhea-AI Filing Summary

Simon Property Group’s chief administrative officer John Rulli reported equity award activity involving restricted stock units and common shares. On March 2, 2026, 4,124 restricted stock units were exercised into 4,124 common shares at $0.00 per share as part of an award vesting. To cover related tax withholding obligations, 1,191 common shares were disposed of at $203.85 per share, as indicated by the tax-withholding footnote, rather than an open‑market sale. After these transactions, Rulli directly owned 38,643 common shares and indirectly held 2,004 shares through a 401(k) plan.

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

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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^*

RULLI JOHN

(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)
	CHIEF ADMINISTRATIVE OFFICER

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)	39,834	D
Common Stock	03/02/2026		F		1,191(2)	D	$203.85	38,643	D
Common Stock								2,004	I	401 (K) Plan

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 the vesting of RSUs.

	/s/ John Rulli 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.
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FAQ

What insider transactions did SPG executive John Rulli report on March 2, 2026?

John Rulli reported conversion of 4,124 restricted stock units into 4,124 Simon Property Group common shares. He also reported a related tax-withholding disposition of 1,191 common shares, resulting from the vesting and settlement of these equity awards on March 2, 2026.

Did John Rulli buy or sell Simon Property Group (SPG) shares in the open market?

The filing shows no open-market purchases or sales by John Rulli. Shares were acquired through the exercise of 4,124 restricted stock units and a separate 1,191-share disposition was made solely to satisfy tax-withholding obligations linked to the vesting of those restricted stock units.

How many Simon Property Group shares does John Rulli own after this Form 4 filing?

After the reported transactions, John Rulli directly owns 38,643 Simon Property Group common shares. He also has an additional 2,004 shares held indirectly through a 401(k) plan, as disclosed in the filing’s ownership detail for indirect holdings.

What price was used for the tax-withholding share disposition in SPG’s Form 4?

The tax-withholding disposition involved 1,191 Simon Property Group common shares valued at $203.85 per share. This transaction satisfied tax obligations arising from the vesting and settlement of restricted stock units, rather than representing a discretionary sale on the open market.

What do the restricted stock unit transactions mean for SPG executive compensation?

The restricted stock unit transactions reflect equity compensation vesting for SPG executive John Rulli. Each RSU converted into one common share upon vesting, increasing his direct share ownership, while a portion of shares was withheld and disposed of to cover associated tax obligations at vesting.