McDade Brian J. 4

What Happened

• Brian J. McDade, EVP and CFO of Simon Property Group, received awards on March 11, 2026: 31,226 long‑term incentive performance (LTIP) units (reported as a derivative award at $0.25/unit, total $7,807) and 4,616 restricted stock units (RSUs) reported at $0.00 ($0). The transaction code is "A" (award/grant).

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (appears timely—filed two days after the grant).
• LTIP units: 31,226 units earned (100% of the maximum award originally granted March 1, 2023). Shown price $0.25/unit; total reported value $7,807. Vesting: January 1, 2027 subject to continued service, or earlier upon death/disability, change of control, approved retirement, or other Committee-determined events.
• RSUs: 4,616 units; each RSU equals the contingent right to one share. Vesting date: March 11, 2029 (subject to continued service and similar early-vesting provisions). Vested RSUs will be settled in common stock.
• Shares owned after the transaction: not disclosed in the information provided in this summary.
• Footnotes: Awards issued under the Operating Partnership's 2019 Stock Incentive Plan and in compliance with Rule 16b-3. LTIP units are convertible into partnership units and may be exchanged for common stock or cash per the Plan.

Context

• These are awards (not open‑market purchases or sales). LTIP units are derivative compensation that convert to partnership units and ultimately may be exchanged for shares or cash; they are subject to performance and service-based vesting conditions. Such grants are routine executive compensation and do not on their own indicate trading intent.