Form 4: Simon Property Group Executive Adam Reuille Reports Changes in Beneficial Ownership
SEC Form 4 Filing
SVP & Chief Accounting Officer Adam Reuille reports changes in beneficial ownership of Simon Property Group stock due to tax withholding and dividend reinvestment.
Summary
- Adam Reuille, SVP & Chief Accounting Officer of Simon Property Group, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The reported transactions include the disposal of 577 shares of common stock on April 1, 2025, to cover tax withholding obligations related to the vesting of restricted stock at a price of $166.08 per share.
- Reuille also acquired 16 shares of common stock through the Issuer's dividend reinvestment plan since the last Form 4 filing on March 13, 2025.
- Following these transactions, Reuille directly owns 16,316 shares and indirectly owns 867 shares through a 401(K) plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to stock-based compensation and dividend reinvestment, with no indication of significant positive or negative sentiment.
Positives
- The acquisition of 16 shares through the dividend reinvestment plan indicates continued investment in the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The transactions reported are typical for executives receiving stock-based compensation and participating in dividend reinvestment plans.
- Similar filings can be observed for executives at comparable REITs like Equity Residential (EQR) and Public Storage (PSA).
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| March 13, 2025 | Date of previous Form 4 filing. |
| April 1, 2025 | Date of stock disposal for tax withholding. |
| April 3, 2025 | Date of Form 4 filing. |
Keywords
beneficial ownership, Form 4, Simon Property Group, SPG, Adam Reuille, stock, dividend reinvestment, tax withholding, restricted stock, securities
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