Simon Property Group (NYSE: SPG) CFO converts 5,155 RSUs into common stock

Rhea-AI Filing Summary

Simon Property Group executive vice president and CFO Brian J. McDade exercised 5,155 restricted stock units on March 2, 2026, receiving the same number of common shares at no exercise price. His directly held common stock increased to 47,151 shares, with an additional 410 shares held indirectly through a 401(k) plan.

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

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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^*

McDade Brian J.

(Last) (First) (Middle)

225 W. WASHINGTON ST.

(Street)

INDIANAPOLIS IN 46204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMON PROPERTY GROUP INC. [ SPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/02/2026		M		5,155	A	(1)	47,151	D
Common Stock								410(2)	I	401 (K) Plan

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
Restricted Stock Units	(1)	03/02/2026		M			5,155	03/02/2026	03/02/2026	Common Stock	5,155	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested on March 2, 2026.

2. Includes 20 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on March 13, 2025.

	/s/ Brian J. McDade by his attorney-in-fact, Steven E. Fivel	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did SPG CFO Brian J. McDade report?

Brian J. McDade reported exercising 5,155 restricted stock units into common stock on March 2, 2026. This derivative exercise converted RSUs into 5,155 shares of Simon Property Group common stock at an exercise price of $0.0000 per share.

How many Simon Property Group shares does the SPG CFO now hold directly?

After the reported transactions, Brian J. McDade holds 47,151 shares of Simon Property Group common stock directly. This figure reflects the settlement of 5,155 vested restricted stock units into common stock on March 2, 2026, as disclosed in the filing data.

What are the details of the RSU settlement for SPG CFO McDade?

Each restricted stock unit represents a contingent right to receive one SPG common share at settlement. On March 2, 2026, 5,155 RSUs vested and were settled into 5,155 common shares, consistent with the footnote describing the RSU terms and vesting event.

Does the SPG CFO have indirect ownership of Simon Property Group shares?

Yes. In addition to directly held shares, Brian J. McDade has 410 shares of Simon Property Group common stock held indirectly through a 401(k) plan. This indirect ownership is identified with an “I” code and described as a 401(k) Plan interest.

Were any Simon Property Group shares bought or sold on the open market in this Form 4?

The filing shows derivative exercises, not open market trades. The main activity is exercising 5,155 RSUs into common stock at a per-share price of $0.0000, with no transactions flagged as traditional buys or sells in the summary data.

What does the dividend reinvestment footnote for SPG CFO’s holdings mean?

The footnote explains that McDade’s holdings include 20 shares of Simon Property Group common stock acquired through a dividend reinvestment plan. These shares accumulated since his prior Form 4 filed on March 13, 2025, reflecting automatic reinvestment of issued dividends.