SIMON PROPERTY GROUP INC. 8-K/A

What Happened
Simon Property Group, Inc. filed an 8-K (May 15, 2026) reporting that Eli Simon was appointed Chief Executive Officer and President effective March 23, 2026. On May 13, 2026, the independent directors approved a grant under the 2026 LTI Program consisting of LTIP units and restricted stock units for Eli Simon, with a grant-date fair market value of $2,500,000 based on the NYSE closing price on May 13, 2026. The award is subject to the performance conditions described in the company’s 2026 LTI program materials (incorporated by reference from the Form 10-Q filed May 11, 2026). No other components of Mr. Simon’s compensation were changed.

Key Details

• Appointment effective date: March 23, 2026; 8-K filed May 15, 2026.
• Equity award approval date: May 13, 2026.
• Award value: $2,500,000 grant-date fair market value (LTIP units and restricted stock units).
• Award is performance-conditioned under the 2026 LTI Program; related award agreements are included by reference in the company’s May 11, 2026 Form 10-Q.
• No other compensation changes for Mr. Simon were made in connection with the appointment.

Why It Matters
This filing informs investors that the new CEO’s pay includes a material, performance-based equity grant intended to align his incentives with long-term company performance. The $2.5M grant value and its performance conditions are the primary disclosed change to executive compensation; investors can review the referenced LTI program documents (Form 10-Q, May 11, 2026) for full terms and potential vesting metrics.