SPG (NYSE: SPG) accounting chief has 391 shares withheld for tax on vesting

Rhea-AI Filing Summary

SIMON PROPERTY GROUP INC. senior vice president and chief accounting officer Adam Reuille reported a tax-withholding disposition related to equity compensation. On the vesting of restricted stock, 391 shares of common stock were withheld at $186.53 per share to cover tax obligations, rather than sold in the open market. Following this, he directly holds 16,620 shares of common stock and indirectly holds 945 shares through a 401(K) plan, which includes 17 shares acquired via the company’s dividend reinvestment plan since his prior Form 4.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Reuille Adam

Role SVP & CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	391	$186.53	$73K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 16,620 shares (Direct); Common Stock — 945 shares (Indirect, 401(K) Plan)

Footnotes (1)

1. Represents tax withholding obligations in connection with the vesting of restricted stock. Includes 17 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on March 4, 2026.

Key Figures

Tax-withheld shares: 391 shares Withholding price: $186.53 per share Direct holdings after: 16,620 shares +2 more

5 metrics

Tax-withheld shares 391 shares Shares withheld for tax on restricted stock vesting

Withholding price $186.53 per share Value used for tax-withholding disposition

Direct holdings after 16,620 shares Direct SPG common stock held by Adam Reuille after transaction

Indirect 401(K) holdings 945 shares SPG common stock held indirectly via 401(K) plan

DRIP-acquired shares 17 shares Shares acquired via dividend reinvestment plan since prior Form 4

Key Terms

restricted stock, tax withholding obligations, dividend reinvestment plan, 401(K) Plan

4 terms

restricted stock financial

"Represents tax withholding obligations in connection with the vesting of restricted stock."

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.

tax withholding obligations financial

"Represents tax withholding obligations in connection with the vesting of restricted stock."

dividend reinvestment plan financial

"Includes 17 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

401(K) Plan financial

"nature_of_ownership": "401(K) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

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^*

Reuille Adam

(Last) (First) (Middle)

225 W. WASHINGTON ST.

(Street)

INDIANAPOLIS INDIANA 46204

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CHIEF ACCOUNTING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		F		391(1)	D	$186.53	16,620	D
Common Stock								945(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

Explanation of Responses:

1. Represents tax withholding obligations in connection with the vesting of restricted stock.

2. Includes 17 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on March 4, 2026.

	/s/ Adam Reuille by his attorney-in-fact, Steven E. Fivel	04/02/2026
	** 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 executive Adam Reuille report on this Form 4?

Adam Reuille reported a tax-withholding disposition of restricted stock. The company withheld 391 SPG common shares at $186.53 per share to satisfy tax obligations triggered by vesting, rather than selling shares in the open market.

Was the SPG Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by SIMON PROPERTY GROUP INC. to cover tax obligations upon restricted stock vesting, a routine administrative step in equity compensation programs.

How many SIMON PROPERTY GROUP (SPG) shares does Adam Reuille hold after the transaction?

After the tax-withholding event, Adam Reuille directly holds 16,620 SPG common shares. He also indirectly holds 945 shares through a 401(K) plan, giving a combined reported position of 17,565 shares across direct and indirect holdings.

What price per share was used for the SPG tax-withholding on Adam Reuille’s restricted stock?

The tax-withholding disposition used a price of $186.53 per SIMON PROPERTY GROUP INC. common share. This value determines the dollar amount applied to Reuille’s tax obligations when 391 restricted shares vested and were withheld by the issuer.

What does the footnote about SPG’s dividend reinvestment plan indicate for Adam Reuille?

A footnote states his indirect 401(K) holdings include 17 SPG shares acquired through the company’s dividend reinvestment plan. This means some plan dividends were automatically reinvested into additional shares since his prior Form 4 filed on March 4, 2026.

How many SPG shares were withheld for taxes from Adam Reuille’s restricted stock vesting?

The Form 4 reports 391 SIMON PROPERTY GROUP INC. common shares withheld to satisfy tax obligations. This withholding occurred when restricted stock vested and is recorded as a tax-withholding disposition, not a discretionary sale into the market.