Form 4: Simon Property Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Steven E. Fivel, General Counsel of Simon Property Group, sold 1,048 shares of common stock on April 1, 2025, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On April 1, 2025, Steven E. Fivel, the General Counsel of Simon Property Group, sold 1,048 shares of the company's common stock.
- The sale was executed at a price of $166.08 per share.
- This transaction was to cover tax withholding obligations associated with the vesting of restricted stock.
- Following the transaction, Fivel directly owns 38,934 shares of Simon Property Group's common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency when company insiders trade their own company's stock. Often these sales are to cover tax obligations.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, as it is a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock sale transaction. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Simon Property Group, SPG, Steven E. Fivel, insider trading, Form 4, stock sale, tax withholding, restricted stock, General Counsel
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