Form 4: Simon Property Group CEO David Simon Settles Restricted Stock Units

David Simon, CEO/Chairman/President of Simon Property Group, settled 17,197 Restricted Stock Units (RSUs) on March 18, 2025, resulting in the acquisition of an equal number of common stock shares.

Summary

• David Simon, CEO/Chairman/President of Simon Property Group Inc., filed a Form 4 on March 20, 2025, reporting changes in beneficial ownership.
• On March 18, 2025, Mr. Simon settled 17,197 Restricted Stock Units (RSUs), each representing the right to receive one share of Simon Property Group common stock.
• The settlement of these RSUs resulted in Mr. Simon acquiring 17,197 shares of common stock.
• Following the transaction, Mr. Simon directly owns 910,154 shares of common stock.
• Mr. Simon also indirectly owns 140,680 shares through a grantor retained annuity trust (GRAT).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing the settlement of RSUs, which is a neutral event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting and settlement of previously granted equity compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it increases the number of outstanding shares, but it is part of the executive compensation plan.

Key Dates

Keywords

Simon Property Group, David Simon, Restricted Stock Units, RSU, Common Stock, Beneficial Ownership, Form 4, Securities, Transaction, Grantor Retained Annuity Trust, GRAT