Simon Property Group (SPG) Director Reuben S. Leibowitz Buys 480 Shares

What Happened

• Reuben S. Leibowitz, a director of Simon Property Group (SPG), acquired 480 shares on 2026-09-30. The transaction is recorded at $202.78 per share for a total value of $97,334. Although coded as a purchase (P), the filing footnote states these shares were received through reinvestment of dividends on restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.

Key Details

• Transaction date and price: 2026-09-30 at $202.78 per share (total $97,334).
• Filing date: 2026-10-01 (filed within the normal reporting window; not indicated as late).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — shares acquired via dividend reinvestment on restricted stock (non-cash compensation). F2 — the reporting person disclaims beneficial ownership of these securities.
• Transaction code: P (Purchase), but footnote clarifies non-cash reinvestment.

Context

• Dividend reinvestments of restricted stock are administrative/non-cash transactions and may be less indicative of a director’s active market sentiment than open-market cash purchases. The F2 disclaimer also indicates the reporting person disclaims beneficial ownership, which is a legal clarification rather than a market signal.