Simon Property (NYSE: SPG) SVP granted stock; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simon Property Group senior vice president and assistant treasurer Matthew A. Jackson received an award of 1,361 shares of common stock as restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan. This restricted stock is subject to forfeiture unless vesting requirements are satisfied.
To cover tax obligations upon vesting, 447 shares were withheld at $186.53 per share, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Jackson directly holds 9,255 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jackson Matthew A
Role
SVP, ASSISTANT TREASURER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,361 | $0.00 | -- |
| Tax Withholding | Common Stock | 447 | $186.53 | $83K |
Holdings After Transaction:
Common Stock — 9,702 shares (Direct)
Footnotes (1)
- Award of restricted stock under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan. The restricted stock included within such award is subject to forfeiture unless recipient satisfies vesting requirements. Represents tax withholding obligations in connection with the vesting of restricted stock.
Key Figures
Restricted stock granted: 1,361 shares
Shares withheld for taxes: 447 shares
Tax withholding price: $186.53 per share
+1 more
4 metrics
Restricted stock granted
1,361 shares
Award of restricted common stock on April 1, 2026
Shares withheld for taxes
447 shares
Tax withholding on vesting of restricted stock
Tax withholding price
$186.53 per share
Value used for tax-withholding disposition
Shares held after transactions
9,255 shares
Common stock directly owned post-transaction
Key Terms
restricted stock, stock incentive program, 2019 Stock Incentive Plan, tax withholding obligations, +1 more
5 terms
restricted stock financial
"Award of restricted stock under a stock incentive program"
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 program financial
"under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan"
2019 Stock Incentive Plan financial
"established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan"
tax withholding obligations financial
"Represents tax withholding obligations in connection with the vesting of restricted stock."
vesting requirements financial
"subject to forfeiture unless recipient satisfies vesting requirements"
FAQ
What insider transaction did SPG executive Matthew A. Jackson report?
Matthew A. Jackson reported receiving 1,361 shares of restricted common stock. The award came under Simon Property Group, L.P.’s 2019 Stock Incentive Plan and is subject to forfeiture if vesting conditions are not met, reflecting compensation rather than an open-market purchase.
What plan governed the restricted stock award reported for SPG’s executive?
The restricted stock award was granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Shares awarded as restricted stock under this plan are subject to potential forfeiture unless the recipient meets specified vesting requirements over time, aligning compensation with ongoing service.
Does the SPG Form 4 indicate an open-market sale by the executive?
The Form 4 indicates no open-market sale by the executive. The only disposition reported is 447 shares withheld to satisfy tax obligations associated with vesting restricted stock, a routine non-market transaction rather than a discretionary sale into the market.