Director Larry Glasscock adds 397 SIMON PROPERTY (NYSE: SPG) shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIMON PROPERTY GROUP INC. director Larry C. Glasscock reported buying a total of 397 shares of common stock on open market on June 30, 2026. The trades were executed at prices between about $223 and $225 per share.
According to the footnote, these shares were acquired through the reinvestment of dividends received on restricted stock previously awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan, making this a routine, compensation-linked increase in his direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 397 shares ($88,682)
Net Buy
3 txns
Insider
GLASSCOCK LARRY C
Role
null
Bought
397 shs ($89K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 330 | $223.14 | $74K |
| Purchase | Common Stock | 54 | $224.92 | $12K |
| Purchase | Common Stock | 13 | $223.10 | $3K |
Holdings After Transaction:
Common Stock — 45,835 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Total shares acquired: 397 shares
Trade 1 size and price: 13 shares at $223.10
Trade 2 size and price: 54 shares at $224.92
+1 more
4 metrics
Total shares acquired
397 shares
Net open-market purchases on June 30, 2026
Trade 1 size and price
13 shares at $223.10
Common Stock purchase on June 30, 2026
Trade 2 size and price
54 shares at $224.92
Common Stock purchase on June 30, 2026
Trade 3 size and price
330 shares at $223.14
Common Stock purchase on June 30, 2026
Key Terms
restricted stock, non-cash compensation, Stock Incentive Plan, reinvestment of dividends, +1 more
5 terms
restricted stock financial
"dividends received on restricted stock awarded to the Reporting Person as non-cash compensation"
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 under the Simon Property Group, L.P. 2019 Stock Incentive Plan"
Stock Incentive Plan financial
"under the Simon Property Group, L.P. 2019 Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
reinvestment of dividends financial
"acquired through the reinvestment of dividends received on restricted stock"
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
What insider transaction did SPG director Larry C. Glasscock report?
Larry C. Glasscock reported acquiring 397 shares of SIMON PROPERTY GROUP INC. common stock. The filing shows three open-market purchases on June 30, 2026, linked to dividend reinvestment on restricted stock awarded as non-cash compensation under the company’s 2019 Stock Incentive Plan.
Is Larry C. Glasscock’s SPG transaction an open-market purchase?
Yes. Each transaction is coded “P” for open-market or private purchase and described as an open-market purchase. However, a footnote clarifies the shares were effectively acquired via reinvestment of dividends on restricted stock awards granted as non-cash compensation under the 2019 Stock Incentive Plan.