This document contains a device modeling report for a shunt regulator component. It includes: 1) The SPICE model for the AN1431T shunt regulator from Panasonic, including component values and descriptions. 2) Simulation results showing the reference voltage is accurately modeled as 2.5V under different load currents. 3) The dynamic impedance is also closely matched between simulation and measurement. 4) Graphs of the output characteristic and internal diode characteristics are provided for reference.