Insider Sells Shares of Simon Property Group to Fulfill Tax Obligations
Kevin M. Kelly, Assistant General Counsel at Simon Property Group (SPG), sold 1,434 shares in a transaction valued at approximately $307,679 as part of fulfilling tax obligations related to the vesting of restricted stock. The sale was non-discretionary and did not reflect any change in confidence or strategy regarding the company's future performance. Following this disposition, Kelly retains 21,402 shares representing a beneficial ownership stake worth around $4.54 million as of August 31, 2026. The transaction does not significantly alter his overall equity position within Simon Property Group, which remains substantial despite the sale. Simon Property Group continues to operate with strong financials including TTM revenue of $6.9 billion and net income of $4.7 billion as a leading REIT in premium retail destinations globally.
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