Simon Property Group (NYSE: SPG) counsel reports 1,048-share tax withholding

Rhea-AI Filing Summary

Simon Property Group General Counsel Steven E. Fivel reported a routine share disposition tied to taxes, not an open-market trade. On April 1, 2026, 1,048 shares of common stock were withheld at $186.53 per share to satisfy tax obligations from vesting restricted stock.

After this tax withholding, Fivel directly owns 40,986 shares of Simon Property Group common stock. He also has an additional 383 shares held indirectly through his spouse, reflecting a continuing equity stake after the compensation-related transaction.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FIVEL STEVEN E

Role GENERAL COUNSEL

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,048	$186.53	$195K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 40,986 shares (Direct); Common Stock — 383 shares (Indirect, By Spouse)

Footnotes (1)

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Key Figures

Tax-withheld shares: 1,048 shares Withholding price: $186.53 per share Direct holdings after transaction: 40,986 shares +1 more

4 metrics

Tax-withheld shares 1,048 shares Withheld on April 1, 2026 to cover tax obligations from restricted stock vesting

Withholding price $186.53 per share Value used for the 1,048 shares delivered for tax withholding

Direct holdings after transaction 40,986 shares Common stock directly owned by Steven Fivel following the tax withholding

Indirect spouse holdings 383 shares Common stock held indirectly through spouse as reported in Form 4

Key Terms

tax withholding, restricted stock, Form 4, indirect ownership

4 terms

tax withholding financial

"Represents tax withholding obligations in connection with the vesting of restricted stock."

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

restricted stock financial

"Represents tax withholding obligations 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

indirect ownership financial

"total_shares_following_transaction": "383.0000", "direct_or_indirect": "I", "nature_of_ownership": "By Spouse""

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		F		1,048(1)	D	$186.53	40,986	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

Explanation of Responses:

1. Represents tax withholding obligations in connection with the vesting of restricted stock.

	Steven E. Fivel	04/02/2026
	** 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)

FAQ

What insider transaction did SPG General Counsel Steven Fivel report on this Form 4?

Steven Fivel reported a tax-related share disposition, not a market sale. On April 1, 2026, 1,048 Simon Property Group common shares were withheld at $186.53 per share to cover tax obligations arising from the vesting of restricted stock awards.

Was the SPG Form 4 filing for Steven Fivel an open-market stock sale?

No. The Form 4 shows tax withholding related to restricted stock vesting, not an open-market sale. 1,048 Simon Property Group shares were delivered back at $186.53 per share solely to satisfy tax liabilities on equity compensation.

How many Simon Property Group shares does Steven Fivel hold after this Form 4 transaction?

After the tax-withholding transaction, Steven Fivel directly holds 40,986 shares of Simon Property Group common stock. The filing also reports an additional 383 shares held indirectly through his spouse, indicating continued meaningful equity exposure to the company.

What does the tax withholding of 1,048 SPG shares for Steven Fivel represent?

The 1,048 shares represent equity used to pay taxes triggered by restricted stock vesting. Instead of paying cash, a portion of vested Simon Property Group shares was withheld at $186.53 per share to cover the associated tax obligations on this compensation.

How is indirect ownership by Steven Fivel’s spouse reported in this SPG Form 4?

The Form 4 lists 383 Simon Property Group shares as indirectly owned, noted as “By Spouse.” This reflects shares beneficially associated with Steven Fivel through his spouse, separate from the 40,986 shares he holds directly after the tax-withholding event.