Reuben S. Leibowitz of Simon Property Group (NYSE: SPG) receives 1,159 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEIBOWITZ REUBEN S reported acquisition or exercise transactions in this Form 4 filing.
SIMON PROPERTY GROUP INC. director Reuben S. Leibowitz received a non-cash award of 1,159 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 grant, Leibowitz directly holds 55,289 shares of common stock. Additional shares are held indirectly through trusts, a charitable remainder trust, a foundation and a spouse, and the reporting person disclaims beneficial ownership of those indirectly held securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
LEIBOWITZ REUBEN S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,159 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,289 shares (Direct, null);
Common Stock — 2,500 shares (Indirect, By Spouse)
Footnotes (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. The Reporting Person disclaims beneficial ownership of these securities and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
Restricted stock award: 1,159 shares
Award price: $0.0000 per share
Direct holdings after award: 55,289 shares
+4 more
7 metrics
Restricted stock award
1,159 shares
Non-cash compensation grant, vests after one year
Award price
$0.0000 per share
Reported price for restricted stock grant
Direct holdings after award
55,289 shares
Common stock directly owned following the grant
Trust holdings
1,400 shares
Indirect ownership by trusts
Charitable remainder trust holdings
2,500 shares
Indirect ownership by Maxsim Charitable Remainder Trust
Foundation holdings
10,500 shares
Indirect ownership by Leibowitz Foundation
Spouse holdings
2,500 shares
Indirect ownership by spouse
Key Terms
restricted stock, Stock Incentive Plan, non-cash compensation, charitable remainder trust, +1 more
5 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.
Stock Incentive Plan financial
"Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
non-cash compensation financial
"Non-cash compensation - Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."
charitable remainder trust financial
"nature_of_ownership: By Maxsim Charitable Remainder Trust"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did SPG director Reuben S. Leibowitz report?
Reuben S. Leibowitz reported receiving a non-cash award of 1,159 shares of Simon Property Group common stock as restricted stock. The award was granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan and vests one year after the grant date.
What does the vesting schedule look like for Reuben S. Leibowitz’s SPG restricted stock?
The filing states that the restricted stock award of 1,159 shares vests one year after the award. Until vesting, the shares are subject to forfeiture conditions specified by the Simon Property Group, L.P. 2019 Stock Incentive Plan.
How are Reuben S. Leibowitz’s indirect SPG holdings structured in this Form 4?
Indirect holdings are reported as shares held by trusts, a charitable remainder trust, the Leibowitz Foundation, and a spouse. The filing notes that the reporting person disclaims beneficial ownership of these indirectly held securities for Section 16 and other purposes.
What is the transaction code for Reuben S. Leibowitz’s SPG restricted stock award?
The restricted stock grant is reported with transaction code A, which indicates a grant, award, or other acquisition. The transaction involved 1,159 shares at a reported price of $0.0000 per share, reflecting its non-cash compensation nature.