Simon Property Group Officer Disposes Shares for Tax Withholding
SIMON PROPERTY GROUP INC.
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Filing Summary
š¢ Simon Property Group Inc. ($SPG) š¤ Kevin M. Kelly (Asst. General Counsel/Sec.)
š Form 4 Filing Summary:
- Transaction Date: August 31, 2026
- Type: Tax Withholding (Code F)
- Shares: 1,434 shares disposed @ $214.56
- Value: ~$307,679.04
- Remaining Holdings: 21,297 direct shares (plus 105 shares in 401(k))
Note: Disposition was made to cover tax obligations arising from restricted stock vesting.
Comprehensive Analysis
Executive Summary
On September 1, 2026, Simon Property Group Inc. ($SPG) filed a Form 4 detailing a transaction by Kevin M. Kelly, Assistant General Counsel and Secretary. On August 31, 2026, the insider had 1,434 shares of Common Stock withheld to cover tax obligations resulting from the vesting of restricted stock, valued at $214.56 per share ($307,679.04 total).
Transaction Details
- Filer: Kevin M. Kelly
- Role: Asst. General Counsel/Sec.
- Transaction Type: Code F (Tax Withholding)
- Security: Common Stock
- Shares Withheld: 1,434
- Price Per Share: $214.56
- Transaction Value: $307,679.04
- Post-Transaction Direct Ownership: 21,297 shares
- Indirect Ownership: 105 shares held via 401(k) Plan
Market Impact & Significance
This filing reflects routine equity compensation tax withholding (Code F) and does not represent an open-market discretionary sale. As such, the transaction carries low informational signaling value regarding executive sentiment or business performance.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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