Insider Sells Shares of Simon Property Group
Kevin M. Kelly, Assistant General Counsel at Simon Property Group (NYSE: SPG), sold 1,434 shares in a non-discretionary transaction to satisfy tax obligations related to the vesting of restricted stock. The sale occurred on September 15, 2026, with an approximate value of $307,679 based on a weighted average price of $214.56 per share. After this disposition, Kelly retained ownership of approximately 21,402 shares, representing about 0.0066% of the company's stock and valued at around $4.54 million as of August 31, 2026 market close. Simon Property Group is a leading real estate investment trust with a diversified portfolio across North America, Europe, and Asia. The firm reported TTM revenue of $6.9 billion and net income of $4.7 billion in the period ending August 2026. SPG's stock has outperformed the S&P 500 over recent years, delivering a total return of 107% since 2021 compared to the index’s 83%. The insider transaction is considered routine and not indicative of broader market concerns.
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