Was the SPG insider transaction an open-market purchase or compensation-related?

The filing classifies the transaction as an open-market purchase, but the footnote explains the 81 shares were acquired via dividend reinvestment. The dividends came from restricted stock granted to Peggy Roe as non-cash compensation under a stock incentive plan.

Simon Property director buys 81 SPG shares

Roe Peggy reported open-market purchase transactions in this Form 4 filing.

Filing Impact

(Moderate)

Filing Sentiment

(Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Roe Peggy reported open-market purchase transactions in this Form 4 filing.

Simon Property Group director Peggy Roe increased her stake by acquiring 81 shares of common stock on March 31, 2026 at $183.80 per share. The shares were acquired through the reinvestment of dividends on previously awarded restricted stock, raising her direct holdings to 6,885 shares.

Insider Trade Summary

Net Buyer: 81 shares

Net Buy 1 txn

Insider Roe Peggy

Role Director

Bought 81 shs ($15K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	81	$183.80	$15K

Holdings After Transaction: Common Stock — 6,885 shares (Direct)

Footnotes (1)

F1. 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.

Key Figures

Shares acquired: 81 shares Purchase price: $183.80 per share Post-transaction holdings: 6,885 shares +1 more

4 metrics

Shares acquired 81 shares Common stock acquired on March 31, 2026

Purchase price $183.80 per share Price for the 81-share acquisition

Post-transaction holdings 6,885 shares Direct common stock ownership after transaction

Buy transactions in filing 1 buy, 81 net shares Net-buy direction in Form 4 transaction summary

Key Terms

restricted stock, non-cash compensation, reinvestment of dividends, 2019 Stock Incentive Plan

4 terms

restricted stock financial

"dividends received on restricted stock awarded to the Reporting Person"

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"

reinvestment of dividends financial

"shares of common stock acquired through the reinvestment of dividends"

2019 Stock Incentive Plan financial

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

FAQ

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

What insider transaction did SPG director Peggy Roe report?

Peggy Roe reported acquiring 81 shares of Simon Property Group common stock. The shares were obtained on March 31, 2026 through dividend reinvestment tied to previously awarded restricted stock, increasing her direct holdings to 6,885 shares after the transaction.

At what price did Peggy Roe acquire Simon Property Group (SPG) shares?

Peggy Roe acquired 81 Simon Property Group common shares at $183.80 per share. This price reflects the transaction value reported for the March 31, 2026 acquisition, which occurred through dividend reinvestment on existing restricted stock awards.

How many Simon Property Group shares does Peggy Roe own after this Form 4?

After the reported transaction, Peggy Roe directly owns 6,885 shares of Simon Property Group common stock. This total includes the 81 shares acquired on March 31, 2026 through the reinvestment of dividends on restricted stock compensation.

What plan governed the restricted stock involved in Peggy Roe’s SPG transaction?

The restricted stock underlying the dividend reinvestment came from awards under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Dividends on these awards were reinvested into 81 additional common shares reported in this Form 4 filing.

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

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Accepted by SEC EDGAR 04/01/2026 - 03:53 PM EDT

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^*

Roe Peggy

(Last)

(First)

(Middle)

5804 CLEVES LANE

(Street)

BETHESDA

MARYLAND

20816

(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)
03/31/2026

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	03/31/2026		P⁽¹⁾		81	A	$183.8⁽¹⁾	6,885	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/ Peggy Fang Roe by her attorney-in-fact, Steven E. Fivel	04/01/2026
	** 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