Smith Daniel C. 4

What Happened

• Daniel C. Smith, a director of Simon Property Group (SPG), acquired 355 shares on March 31, 2026. The reported price was $183.80 per share for a total reported value of $65,249. The transaction is reported as a purchase (code P).

Key Details

• Transaction date and price: 2026-03-31 at $183.80 per share.
• Shares acquired: 355 shares; total value reported $65,249.
• Method: Although coded as a purchase, Footnote F1 states these shares were acquired through reinvestment of dividends on restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.
• Filing date/timeliness: Form 4 filed 2026-04-01 (appears timely based on the filing date).
• Shares owned after transaction: Not disclosed in the provided data.

Context

• This was an acquisition reported by a company director; dividend reinvestments and non-cash compensation are common and do not necessarily signal a market view. Purchases can be more informative than sales, but this particular transaction reflects dividend reinvestment of restricted stock rather than an out-of-pocket open-market buy.