LEIBOWITZ REUBEN S 4

What Happened Reuben Leibowitz, a director of Simon Property Group (SPG), was granted 1,159 restricted shares on 2026-05-13 under the Simon Property Group, L.P. 2019 Stock Incentive Plan (transaction coded as an award/acquisition). No purchase price or market value is disclosed on the Form 4; the award is non-cash compensation and the restricted shares vest one year after the grant.

Key Details

• Transaction date: 2026-05-13 (Form 4 filed 2026-05-15; filing appears timely).
• Transaction type/code: Award/Acquisition (A); 1,159 restricted shares granted.
• Price/value: N/A on the filing (no dollar value reported).
• Vesting: Award vests one year after grant (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Reporting person disclaims beneficial ownership of these shares (per filing).

Context Restricted stock awards are a form of compensation tied to continued service and typically vest over time; they are not open-market purchases and do not by themselves signal immediate insider buying interest. This transaction reflects compensation to a director rather than a market transaction (sale/exercise).