SIMON DAVID 4

4 · SIMON PROPERTY GROUP INC. · Filed Mar 13, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

Simon Property Group (SPG) CEO David Simon Receives Award

What Happened

David Simon, CEO/Chairman/President and Director of Simon Property Group (SPG), received a grant of 124,901 long‑term incentive performance ("LTIP") units on March 11, 2026. The units are reported at $0.25 each for a total reported value of $31,225. This transaction is an award/grant (derivative), not an open‑market purchase or sale.

Key Details

Transaction date: 2026-03-11; filing date (Form 4): 2026-03-13.
Transaction type/code: A — Award/Grant (derivative LTIP units).
Units granted: 124,901 LTIP units at $0.25 per unit; reported value $31,225.
Shares owned after transaction: Not specified in the provided filing excerpt.
Timeliness: Form 4 filed March 13, 2026 (covers period 2026-03-11); appears filed within the usual reporting window.
Footnotes:
- F1: LTIP units are long‑term incentive performance units of the Operating Partnership; when earned and vested they can convert to partnership units, which may be exchanged for shares of the Company's common stock or cash.
- F2: These 124,901 units were originally awarded March 1, 2023 as a maximum award subject to performance. On March 11, 2026 the Compensation Committee determined the performance measures were met at 100%, so 124,901 units became earned LTIP units. Earned units vest Jan 1, 2027 subject to continued service (or earlier vesting in certain situations per the grant/plan).

Context

This filing reports a compensation award (derivative LTIP units) rather than an ordinary market buy or sell. The units are "earned" based on performance but generally do not convert immediately into common stock — vesting and any conversion/exchange to shares or cash are subject to the plan terms and service/other conditions.

Form 4

Period: 2026-03-11

DirectorCEO/CHAIRMAN/PRESIDENT

Transactions

Award
LTIP Units
[F1][F2]
2026-03-11$0.25/sh+124,901$31,225→ 1,407,913 total
→ Common Stock (124,901 underlying)

Footnotes (2)

[F1]Represents long-term incentive performance ("LTIP") units of Simon Property Group, L.P. (the "Operating Partnership"), of which Simon Property Group, Inc. (the "Company") is the general partner, issued as long-term incentive compensation pursuant to the Operating Partnership's 2019 Stock Incentive Plan (the "Plan"), in compliance with Rule 16b-3. When earned and vested, each LTIP unit may be converted into a unit of limited partnership interest ("Partnership Unit"). Each Partnership Unit may be exchanged for a share of the Company's common stock, or cash, as selected by the Company.
[F2]On March 1, 2023, the Reporting Person was awarded a maximum of 124,901 LTIP units, subject to certain performance conditions. On March 11, 2026, the Compensation and Human Capital Committee (the "Compensation Committee") of the Board of Directors of the Company determined that the extent to which the performance measures had been achieved during the performance period resulted in 100%, or 124,901 of the LTIP units becoming earned LTIP units. The earned LTIP units vest on January 1, 2027, subject to a continued service requirement, or may vest earlier due to the Reporting Person's death or disability, a change of control of the Company, the retirement of the Reporting Person, subject to the approval of the Company's Compensation Committee, or as may otherwise be determined by the Company's Compensation Committee in accordance with the terms of the grant agreement and the Plan.

Signature

David Simon by his attorney-in-fact, Steven E. Fivel|2026-03-13

1 file