Director Glyn Aeppel adds 221 Simon Property (NYSE: SPG) shares

Rhea-AI Filing Summary

Simon Property Group director Glyn Aeppel increased her direct holdings through a small share acquisition. On an open-market purchase dated March 31, she acquired 221 shares of common stock at $183.80 per share, bringing her direct ownership to 19,702 shares. According to the footnote, these shares were acquired through the reinvestment of dividends paid on restricted stock granted as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

Insider Trade Summary

Net Buyer: 221 shares ($40,620)

Net Buy 1 txn

Insider Aeppel Glyn

Role Director

Bought 221 shs ($41K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	221	$183.80	$41K

Holdings After Transaction: Common Stock — 19,702 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 221 shares Purchase price: $183.80 per share Shares owned after transaction: 19,702 shares

3 metrics

Shares acquired 221 shares Common stock acquired on March 31 in non-derivative transaction

Purchase price $183.80 per share Price for the 221 common shares acquired

Shares owned after transaction 19,702 shares Director’s direct common stock holdings following the acquisition

Key Terms

open-market purchase, restricted stock, non-cash compensation, dividends reinvestment, +1 more

5 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

restricted stock financial

"restricted stock awarded to the Reporting Person as non-cash compensation"

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"

dividends reinvestment financial

"acquired through the reinvestment of dividends received on restricted stock"

2019 Stock Incentive Plan financial

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

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^*

Aeppel Glyn

(Last) (First) (Middle)

2065 WEST SILVERLAKE DRIVE

(Street)

LOS ANGELES CALIFORNIA 90039

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		P(1)		221	A	$183.8(1)	19,702	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. 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/ Glyn F. Aeppel 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)

FAQ

What insider transaction did SPG director Glyn Aeppel report on this Form 4?

Director Glyn Aeppel reported acquiring 221 shares of Simon Property Group common stock. The transaction occurred on March 31 and was coded as an open-market purchase, modestly increasing her direct ownership position in the company.

At what price did Glyn Aeppel acquire Simon Property Group (SPG) shares?

The reported acquisition price was $183.80 per share for Simon Property Group common stock. This price reflects the value used in the Form 4 transaction entry for the 221 shares credited to the director’s account.

How many Simon Property Group (SPG) shares does Glyn Aeppel own after this transaction?

Following the reported transaction, Glyn Aeppel directly owns 19,702 shares of Simon Property Group common stock. This figure represents her direct holdings after adding the 221 shares acquired in the March 31 dividend-reinvestment transaction.

How were the new SPG shares acquired by director Glyn Aeppel funded?

The 221 shares were acquired through reinvestment of dividends paid on restricted stock previously awarded as non-cash compensation. Those restricted shares were granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

What does the footnote on Glyn Aeppel’s SPG Form 4 filing explain?

The footnote explains that the reported common shares were acquired via dividend reinvestment on restricted stock grants. Those restricted shares had been awarded to the reporting person as non-cash compensation under the company’s 2019 Stock Incentive Plan.

Is this SPG Form 4 transaction a derivative exercise or a direct stock acquisition?

This Form 4 reflects a direct common stock acquisition, not a derivative exercise. The filing shows a non-derivative transaction coded as an open-market purchase, with shares credited through dividend reinvestment rather than option or warrant conversion.