Simon Property Group (NYSE: SPG) director receives 1,109-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SELIG STEFAN M reported acquisition or exercise transactions in this Form 4 filing.
Simon Property Group director Stefan M. Selig received a grant of 1,109 shares of Common Stock as non-cash compensation. The award is restricted stock granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan and will vest one year after the award date. Following this grant, Selig directly holds 33,592 shares of Simon Property Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SELIG STEFAN M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,109 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 33,592 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock award: 1,109 shares
Award price per share: $0.00 per share
Holdings after grant: 33,592 shares
+1 more
4 metrics
Restricted stock award
1,109 shares
Non-cash compensation grant of Common Stock
Award price per share
$0.00 per share
Reported transaction price for restricted stock grant
Holdings after grant
33,592 shares
Total Common Stock directly owned after transaction
Vesting period
1 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
"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 SPG director Stefan M. Selig report?
Stefan M. Selig reported acquiring 1,109 shares of Simon Property Group Common Stock as a non-cash restricted stock award. The grant was made under the company’s 2019 Stock Incentive Plan and reflects equity-based director compensation rather than an open-market share purchase.
Was the SPG insider transaction a market purchase or a stock award?
The transaction was a stock award, not a market purchase. Selig received 1,109 shares of restricted Common Stock as non-cash compensation under the 2019 Stock Incentive Plan, with no cash price paid per share in this reported Form 4 transaction.
What does non-cash compensation mean in this SPG Form 4 filing?
Non-cash compensation means Selig was compensated with equity instead of cash. He received 1,109 restricted shares under the 2019 Stock Incentive Plan, which vest after one year, aligning director interests with shareholders through stock-based awards.