Simon Property CEO uses 5,821 shares for taxes
Rhea-AI Filing Summary
SIMON PROPERTY GROUP INC. (SPG) reported that CEO/President/COO Eli Simon had 5,821 shares of common stock disposed of on 2026-08-31 in a transaction coded "F". According to the disclosure, these shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock, at a reported price of $214.56 per share. Following this tax-withholding transaction, Simon directly held 50,634 shares of SPG common stock.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 5,821 shares
Net Sell
1 txn
Insider
Simon Eli
Role
CEO/PRESIDENT/COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 5,821 | $214.56 | $1.25M |
Holdings After Transaction:
Common Stock — 50,634 shares (Direct)
Footnotes (1)
- F1. Represents tax withholding obligations in connection with the vesting of restricted stock.
Key Figures
Shares disposed (tax withholding): 5,821 shares
Transaction price per share: $214.56 per share
Shares owned after transaction: 50,634 shares
3 metrics
Shares disposed (tax withholding)
5,821 shares
Common Stock, transaction code F on 2026-08-31
Transaction price per share
$214.56 per share
Applied to 5,821 shares for tax withholding obligations
Shares owned after transaction
50,634 shares
Direct ownership of SPG Common Stock following the 2026-08-31 transaction
Key Terms
restricted stock, tax withholding obligations, transaction code "F"
3 terms
restricted stock financial
"in connection with the vesting of restricted stock."
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.
tax withholding obligations financial
"Represents tax withholding obligations in connection with the vesting"
transaction code "F" regulatory
"transaction coded "F". According to the disclosure, these shares"
FAQ
What insider transaction did SPG report for Eli Simon on this Form 4?
The Form 4 reports that Eli Simon had 5,821 SPG common shares disposed of on 2026-08-31 to cover tax withholding obligations related to restricted stock vesting, at a reported price of $214.56 per share.
Was the SPG Form 4 transaction by Eli Simon a market sale?
No. The transaction is coded "F" and the footnote states it represents tax withholding obligations in connection with the vesting of restricted stock, meaning shares were withheld or delivered for taxes rather than sold in an open-market trade.
Is Eli Simon considered an officer or director of SPG in this Form 4?
Yes. The reporting person, Eli Simon, is identified as both a director and an officer of SPG, with the title CEO/PRESIDENT/COO, in the Form 4 data.
AI-generated analysis. How Rhea-AI works. Not financial advice.