Form 4: Simon Property Group Executive Settles Restricted Stock Units
SEC Form 4 Filing
Eli Simon, a Senior Vice President at Simon Property Group, settled restricted stock units and disposed of shares to cover tax obligations.
Summary
- On March 1, 2024, Eli Simon, a Senior Vice President at Simon Property Group, settled 1,342 Restricted Stock Units (RSUs), each representing the right to receive one share of common stock.
- Following the settlement, Mr. Simon disposed of 541 shares of common stock at a price of $148.14 to satisfy tax obligations.
- After these transactions, Mr. Simon beneficially owns 16,463 shares of Simon Property Group common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see how executives are trading their company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of RSU settlement and stock disposal |
| 03/04/2024 | Date of Form 4 filing |
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