Reuille Adam 4

What Happened
Adam Reuille, Senior Vice President and Chief Accounting Officer of Simon Property Group (SPG), had 391 shares of SPG surrendered/withheld on April 1, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock. The shares were valued at $186.53 each, for a total of approximately $72,933. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-04-01; Form filed 2026-04-02 (timely filing).
• Price per share: $186.53; total value of shares withheld: ~$72,933.
• Transaction code: F — payment of exercise price or tax liability (here, tax withholding for vesting).
• Shares disposed: 391 (withheld to cover taxes). The filing does not state total shares owned following the transaction in the provided data.
• Footnotes: F1 = represents tax withholding obligations in connection with vesting of restricted stock; F2 = includes 17 shares acquired via the issuer's dividend reinvestment plan since the March 4, 2026 Form 4.

Context
This was a routine tax-withholding transaction tied to restricted stock vesting, not an open-market sale indicating a change in market sentiment. Such withholdings are common when equity awards vest and are generally administrative rather than directional insider trades.