Simon Property officer covers taxes with 1,434 shares
Rhea-AI Filing Summary
SIMON PROPERTY GROUP INC. (SPG) reported that officer Kevin M. Kelly, Assistant General Counsel/Secretary, had 1,434 shares of common stock withheld on 2026-08-31 to satisfy tax obligations upon vesting of restricted stock, at $214.56 per share. Following this, he held 21,297 shares directly and 105 shares indirectly through a 401(k) plan, which includes 1 share acquired via the issuer's dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,434 shares
Net Sell
2 txns
Insider
Kelly Kevin M
Role
ASST. GENERAL COUNSEL/SEC.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,434 | $214.56 | $308K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,297 shares (Direct);
Common Stock — 105 shares (Indirect, 401 (K) Plan)
Footnotes (2)
- F1. Represents tax withholding obligations in connection with the vesting of restricted stock.
- F2. Includes 1 share of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on April 2, 2026.
Key Figures
Shares withheld for taxes: 1,434 shares of Common Stock
Tax withholding price per share: $214.56 per share
Direct holdings after transaction: 21,297 shares of Common Stock
+2 more
5 metrics
Shares withheld for taxes
1,434 shares of Common Stock
Withheld on 2026-08-31 to satisfy tax obligations upon restricted stock vesting
Tax withholding price per share
$214.56 per share
Price reported for the 1,434 SPG shares used for tax withholding
Direct holdings after transaction
21,297 shares of Common Stock
Direct ownership by Kevin M. Kelly following the 2026-08-31 transaction
Indirect holdings after transaction
105 shares of Common Stock
Indirect ownership through a 401(k) plan after the transaction, including 1 DRIP share
Shares related to exercise price or tax liability
1,434 shares
Total shares reported in tax-liability-related code F transactions in this Form 4
Key Terms
Payment of tax liability by delivering or withholding securities, restricted stock, dividend reinvestment plan, 401 (K) Plan
4 terms
Payment of tax liability by delivering or withholding securities financial
"transaction code description: Payment of tax liability by delivering or withholding"
restricted stock financial
"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.
dividend reinvestment plan financial
"1 share 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"
FAQ
What insider transaction did SPG officer Kevin M. Kelly report on this Form 4?
Kevin M. Kelly reported that 1,434 SPG common shares were withheld on 2026-08-31 to satisfy tax withholding obligations arising from the vesting of restricted stock, at a reported price of $214.56 per share.
Did Kevin M. Kelly sell SPG stock on the open market in this Form 4?
No. The Form 4 states the 1,434 shares of SPG common stock represent tax withholding obligations in connection with restricted stock vesting, indicating a tax-related share disposition rather than an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
