Simon Property Group (SPG) Director Martin J. Cicco Buys 15 Shares

What Happened Martin J. Cicco, a director of Simon Property Group, acquired 15 shares of SPG common stock on 2026-09-30 at $202.78 per share, for a total of $3,042. The Form 4 lists the transaction as a purchase; a footnote (F1) clarifies these shares were obtained 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: 2026-09-30
• Price per share: $202.78
• Shares acquired: 15
• Total value: $3,042
• Transaction code: P (Purchase); footnote F1: dividend reinvestment on restricted stock (non-cash compensation)
• Shares owned after transaction: not reported in the provided filing
• Filing date: 2026-10-01 — appears to be filed timely (Form 4 is typically due within 2 business days)
• No 10b5-1 plan or other trading arrangement is indicated in this filing

Context Because the shares were acquired via dividend reinvestment on restricted stock (non-cash compensation), this is not necessarily an open‑market cash buy driven by personal investment decisions. The purchase is small (~$3k) and therefore carries limited signal value for investors; purchases can be informative but do not, by themselves, reveal the insider's motive.