SPG (NYSE: SPG) director awarded 1,122 restricted shares as equity compensation

Rhea-AI Filing Summary

STEWART MARTA R reported acquisition or exercise transactions in this Form 4 filing.

SIMON PROPERTY GROUP INC. director Marta R. Stewart received a non-cash grant of 1,122 shares of common stock as restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan. The restricted stock vests one year after the award. Following this compensation grant, she directly holds 17,818 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider STEWART MARTA R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,122	$0.00	--

Holdings After Transaction: Common Stock — 17,818 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 1,122 shares Grant price: $0.00 per share Shares after transaction: 17,818 shares +2 more

5 metrics

Restricted stock grant 1,122 shares Non-cash award of SPG common stock

Grant price $0.00 per share Reported value for restricted stock award

Shares after transaction 17,818 shares Direct SPG common stock holdings after grant

Vesting period One year Restricted stock vests one year after award

Transaction code A Grant, award, or other acquisition of common stock

Key Terms

restricted stock, non-cash compensation, 2019 Stock Incentive Plan, transaction code A

4 terms

restricted stock financial

"Non-cash compensation - Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."

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

"Non-cash compensation - Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."

2019 Stock Incentive Plan financial

"Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."

transaction code A financial

"transaction_code_description": "Grant, award, or other acquisition"

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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^*

STEWART MARTA R

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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	05/13/2026		A(1)		1,122	A	(1)	17,818	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Non-cash compensation - Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan. The restricted stock vests one year after the award.

	/s/ Marta R. Stewart by her attorney-in-fact, Steven E. Fivel	05/15/2026
	** 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 director Marta R. Stewart report?

Marta R. Stewart reported receiving 1,122 shares of SPG common stock as a non-cash restricted stock award. The grant is part of the company’s 2019 Stock Incentive Plan and represents equity-based director compensation rather than an open-market share purchase.

Was Marta R. Stewart’s SPG stock grant a cash purchase or non-cash award?

The transaction was a non-cash restricted stock award with a reported price of $0.00 per share. It reflects equity compensation granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan instead of a cash-funded open-market purchase of SPG shares.

When do Marta R. Stewart’s newly granted SPG restricted shares vest?

The 1,122 restricted shares of SPG common stock vest one year after the award date. Until vesting, the grant remains restricted stock under the 2019 Stock Incentive Plan, aligning director compensation with the company’s long-term performance over that one-year period.

How many SPG shares does Marta R. Stewart hold after this Form 4 transaction?

After the restricted stock award, Marta R. Stewart directly holds 17,818 shares of SPG common stock. This total includes the 1,122-share grant reported on the Form 4 and reflects her direct ownership position following the equity compensation transaction.

What does transaction code A mean in Marta R. Stewart’s SPG Form 4?

Transaction code A on the Form 4 indicates a grant, award, or other acquisition of SPG common stock. In this case, it refers to a non-cash restricted stock award of 1,122 shares granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

Is Marta R. Stewart’s SPG restricted stock grant considered an open-market buy?

No, the grant is not an open-market buy. The 1,122 SPG shares were awarded as non-cash restricted stock compensation at a stated price of $0.00 per share, under the company’s 2019 Stock Incentive Plan, rather than being purchased on the open market.