SPG (SPG) director receives 1,073-share restricted stock award as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cicco Martin J reported acquisition or exercise transactions in this Form 4 filing.
SIMON PROPERTY GROUP INC. director Martin J. Cicco received a non-cash grant of 1,073 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, bringing his direct holdings to 1,372 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cicco Martin J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,073 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,372 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock award: 1,073 shares
Total shares after award: 1,372 shares
Vesting period: 1 year
3 metrics
Restricted stock award
1,073 shares
Grant of common stock on 2026-05-13
Total shares after award
1,372 shares
Director’s direct holdings following transaction
Vesting period
1 year
Restricted stock vests one year after award
Key Terms
restricted stock, non-cash compensation, 2019 Stock Incentive Plan, Form 4
4 terms
restricted stock financial
"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."
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.
FAQ
What insider transaction did SPG director Martin J. Cicco report?
Martin J. Cicco reported receiving a grant of 1,073 shares of SPG common stock. The award is in the form of restricted stock issued as non-cash compensation, increasing his direct ownership to 1,372 shares after the transaction.
Was the SPG Form 4 transaction a stock purchase or sale?
The SPG Form 4 shows a stock award, not a market purchase or sale. Martin J. Cicco acquired 1,073 restricted shares as non-cash compensation, coded as a grant/award acquisition rather than an open-market buy or sell transaction.
What are the vesting terms of Martin J. Cicco’s SPG restricted stock?
The 1,073 SPG restricted shares vest one year after the award date. Until vesting, the shares are subject to restrictions under the Simon Property Group, L.P. 2019 Stock Incentive Plan, as described in the Form 4 footnote.
What compensation plan was used for Martin J. Cicco’s SPG stock award?
The stock award was granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan. The Form 4 notes it as non-cash compensation in the form of restricted stock, with all 1,073 shares scheduled to vest after one year.