Form 4: Simon Property Group Executive Exercises and Settles Restricted Stock Units
SEC Form 4 Filing
Donald G. Frey, EVP and Treasurer of Simon Property Group, settled restricted stock units (RSUs) on March 1, 2024, resulting in the acquisition of 671 shares of common stock.
Summary
- On March 1, 2024, Donald G. Frey, the EVP and Treasurer of Simon Property Group, exercised and settled 671 Restricted Stock Units (RSUs).
- This transaction resulted in Frey acquiring 671 shares of Simon Property Group's common stock.
- Frey also disposed of 192 shares to cover tax obligations at a price of $148.14 per share.
- Following these transactions, Frey directly owns 16,003 shares of Simon Property Group common stock and indirectly owns 176 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event reflecting standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a common practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to standard executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction: settlement of Restricted Stock Units (RSUs) and disposal of shares for tax obligations. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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