SIMON PROPERTY GROUP (SPG) director granted 1,073 restricted shares as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RODKIN GARY M reported acquisition or exercise transactions in this Form 4 filing.
SIMON PROPERTY GROUP INC. director Gary M. Rodkin received a non-cash award of 1,073 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, Rodkin directly holds 20,760 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RODKIN GARY M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,073 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,760 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock award: 1,073 shares
Shares held after transaction: 20,760 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Restricted stock award
1,073 shares
Grant of common stock to director Gary M. Rodkin
Shares held after transaction
20,760 shares
Rodkin’s direct common stock holdings following the award
Grant price per share
$0.00 per share
Non-cash compensation award, no purchase price paid
Vesting period
One year
Restricted stock vests one year after the award date
Key Terms
restricted stock, non-cash compensation, 2019 Stock Incentive Plan
3 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.
non-cash compensation financial
"Non-cash compensation - Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."
2019 Stock Incentive Plan financial
"Award of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan."
FAQ
What insider transaction did SIMON PROPERTY GROUP INC. (SPG) report for Gary M. Rodkin?
SIMON PROPERTY GROUP INC. reported that director Gary M. Rodkin received a grant of 1,073 shares of common stock as restricted stock. This was a non-cash compensation award under the company’s 2019 Stock Incentive Plan and reflects equity-based director compensation.
Was Gary M. Rodkin’s SPG stock grant a cash purchase or compensation award?
The transaction was non-cash compensation. Gary M. Rodkin received 1,073 restricted shares of SIMON PROPERTY GROUP INC. common stock as an award under the 2019 Stock Incentive Plan, rather than buying shares on the open market for cash consideration.
What plan governed Gary M. Rodkin’s SPG restricted stock award?
The award was granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan. This plan provides equity-based compensation such as restricted stock to directors and other participants, aligning their interests with shareholders through share ownership.