FIVEL STEVEN E 4

What Happened

• Steven E. Fivel, General Counsel of Simon Property Group (SPG), had 1,048 shares disposed on 2026-04-01 to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $186.53 each, for a total of $195,483. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-04-01 — 1,048 shares at $186.53 each (total $195,483).
• Transaction type/code: F (payment of exercise price or tax liability; here used for tax withholding on vested restricted stock).
• Footnote: F1 — Represents tax withholding obligations in connection with the vesting of restricted stock.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Report filed on 2026-04-02 for the 2026-04-01 transaction (appears timely under Section 16 reporting rules).
• No 10b5-1 plan or other trading plan disclosed in this filing.

Context

• This disposition is a routine tax-withholding event when restricted stock vests and does not necessarily indicate a buy/sell signal by the insider. Unlike an active open-market sale, shares are withheld/surrendered to cover taxes and usually reflect standard compensation mechanics rather than a change in insider sentiment.