Insider Sells 1,434 Shares of Legendary REIT
Kevin M. Kelly, Assistant General Counsel, executed a non-discretionary sale to cover tax withholding on vesting restricted stock. He retains 21,402 shares worth $4.54 million.
Overview
Kevin M. Kelly, Asst. General Counsel of Simon Property Group, Inc. (NYSE:SPG), reported a disposition of 1,434 shares in a SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($214.56); post-transaction value based on Aug. 31, 2026 market close ($212.32).
Details
Simon Property Group is a leading S&P 100 REIT with a $69.3 billion market capitalization, operating one of the world's most prominent portfolios of high-quality retail and mixed-use properties. The company's competitive advantage derives from its strategically positioned assets in key markets, strong tenant relationships with major brands, and proven ability to generate consistent cash flows through diversified revenue streams. With TTM revenue of $6.9 billion and net income of $4.7 billion, SPG demonstrates substantial scale and operational efficiency in the retail real estate sector.
Source
Originally published at www.fool.com.