Simon Property Group (SPG): Director Reuben Leibowitz buys 480 more shares at $203
As seen on the 24/7 Wall St. homepage on October 1, 2026.
A director adding to an already large 56,277-share position in the biggest mall landlord is a vote on high-end retail real estate holding up. Open-market buying at roughly $203 is the rare kind of insider move that comes with no tax or plan excuse attached.
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Reuben S. Leibowitz, a director at Simon Property Group, purchased 480 shares on October 1, 2026, at $202.78 each in the open market. The addition grows an already substantial personal position.
Unlike stock grants or option exercises, a director writing a personal check for shares carries no compensation angle and no pre-scheduled plan behind it. Leibowitz is expressing a view that the stock is worth owning at current prices.
Simon Property Group is the largest mall landlord in the United States, and the health of its portfolio is closely tied to high-end retail traffic and tenant demand. A director with a position of this size adding at roughly $203 signals confidence that premium retail real estate continues to hold its value.
This transaction adds to an already large personal stake, and the absence of any plan or tax-related mechanism makes it the kind of move that draws attention from investors who track what company insiders do with their own money.