Simon Property (SPG) CEO Eli Simon Receives Large Gift of Shares

What Happened Eli Simon, CEO/President/COO and a director of Simon Property Group (SPG), reported acquisitions on August 20, 2026 that total 7,744,735 shares acquired through gifts and an inheritance. The transactions reported were: an 8,000-share acquisition by will/inheritance (code W), a gift of 7,679,189 shares (code G), and a gift of 57,546 shares (code G). No purchase prices or dollar values were reported (N/A); the reported holdings are treated as derivative/convertible interests per the filing.

Key Details

• Transaction date: 2026-08-20; Form 4 filed: 2026-08-24 (filed four days after the transactions; may be outside the standard two-business-day reporting window).
• Transaction types/codes: W = inheritance (8,000 shares); G = gifts (7,679,189 and 57,546 shares). No cash consideration reported.
• Prices/values: Not reported (N/A) on the Form 4.
• Shares owned after transaction: Not disclosed in the provided filing data.
• Notable footnotes:
  • F1: Certain Class B common shares are convertible one-for-one into Common Stock at the holder’s option.
  • F2: Some interests represent OP Units of the Operating Partnership, exchangeable one-for-one for Common Stock or cash.
  • F3–F4: Large blocks are held directly or indirectly through manager-managed LLCs (Descendants LLC, SFCT LLC); Mr. Simon may be deemed to beneficially own these units for reporting purposes but disclaims beneficial ownership except to the extent of his pecuniary interest.

Context Gifts and inheritances (codes G and W) are transfers that do not represent market purchases or sales and therefore are not a direct signal of the insider’s view on the stock. The filing notes derivative/convertible instruments (Class B shares and OP Units) that can typically be converted or exchanged one-for-one into Common Stock (or cash in the case of OP Units), which may affect the number of common shares ultimately owned if converted.