Director adds 196 Simon Property (NYSE: SPG) shares through dividend reinvestment

Rhea-AI Filing Summary

STEWART MARTA R reported open-market purchase transactions in this Form 4 filing.

Simon Property Group director Marta R. Stewart increased her stake through dividend reinvestment. On this Form 4, she acquired 196 shares of common stock on an open-market-coded transaction at $183.80 per share, boosting her direct holdings to 16,696 shares.

According to a footnote, these shares were obtained through the reinvestment of dividends on restricted stock granted as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan, making this a routine, compensation-linked acquisition rather than a discretionary market trade.

Insider Trade Summary

Net Buyer: 196 shares ($36,025)

Net Buy 1 txn

Insider STEWART MARTA R

Role Director

Bought 196 shs ($36K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	196	$183.80	$36K

Holdings After Transaction: Common Stock — 16,696 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 196 shares Transaction price: $183.80 per share Shares owned after: 16,696 shares

3 metrics

Shares acquired 196 shares Common Stock transaction reported on Form 4

Transaction price $183.80 per share Price for 196 acquired shares

Shares owned after 16,696 shares Direct common stock holdings following transaction

Key Terms

reinvestment of dividends, restricted stock, non-cash compensation, 2019 Stock Incentive Plan

4 terms

reinvestment of dividends financial

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

restricted stock financial

"dividends received on restricted stock awarded to the Reporting Person"

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"

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^*

STEWART MARTA R

(Last) (First) (Middle)

6212 MANAFORD CIRCLE

(Street)

GLEN ALLEN VIRGINIA 23059

(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)		196	A	$183.8(1)	16,696	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/ Marta R. Stewart 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 Marta R. Stewart report on this Form 4?

Marta R. Stewart reported acquiring 196 shares of Simon Property Group common stock. The transaction increased her direct holdings to 16,696 shares and reflects additional ownership rather than a sale or disposition of stock.

At what price were the new Simon Property Group (SPG) shares acquired?

The newly acquired 196 Simon Property Group shares were recorded at $183.80 per share. This price appears in the Form 4 as the transaction price for the common stock tied to the dividend reinvestment event.

How many Simon Property Group shares does Marta R. Stewart own after this transaction?

After the reported transaction, Marta R. Stewart directly owns 16,696 shares of Simon Property Group common stock. This total reflects the addition of 196 shares acquired in connection with the dividend reinvestment described in the Form 4 footnote.

Was the SPG Form 4 transaction an open-market buy or compensation-related event?

Although coded as an open-market purchase, the Form 4 footnote explains the 196 shares came from reinvestment of dividends on restricted stock. This indicates a compensation-related, routine ownership increase rather than a discretionary open-market trade.

What does the SPG Form 4 footnote say about the nature of the acquired shares?

The footnote states the 196 shares were acquired through reinvestment of dividends on restricted stock granted as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan, clarifying the transaction’s compensation-linked origin.