4//SEC Filing
Reuille Adam 4
Accession 0001415889-25-006885
CIK 0001063761other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 11:47 AM ET
Size
7.0 KB
Accession
0001415889-25-006885
Insider Transaction Report
Form 4
Reuille Adam
SVP & CHIEF ACCOUNTING OFFICER
Transactions
- Award
LTIP Units
2025-03-03$0.25/sh+2,076$519→ 21,800 total→ Common Stock (2,076 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 11, 2022, the Reporting Person was awarded a maximum of 2,884 LTIP units, subject to certain performance conditions. On March 3, 2025, 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 71.9%, or 2,076 of the LTIP units becoming earned LTIP units. The earned LTIP units vest on January 1, 2026, 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.
Documents
Issuer
SIMON PROPERTY GROUP INC /DE/
CIK 0001063761
Entity typeother
Related Parties
1- filerCIK 0001754744
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 11:47 AM ET
- Size
- 7.0 KB