Reuille Adam 4
4 · SIMON PROPERTY GROUP INC. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Simon Property (SPG) SVP Adam Reuille Receives LTIP Award
What Happened
Adam Reuille, SVP & Chief Accounting Officer of Simon Property Group (SPG), was awarded 6,246 long-term incentive performance (LTIP) units on March 11, 2026. The filing reports an acquisition-type award (derivative) valued at $0.25 per unit, totaling $1,562. This award reflects performance-based units that can convert into partnership units and ultimately be exchanged for company common stock or cash.
Key Details
- Transaction date and price: March 11, 2026 — 6,246 LTIP units at $0.25/unit; aggregate reported value $1,562.
- Shares/units owned after transaction: Not disclosed in the filing.
- Footnotes: F1 explains LTIP units are issued under the Operating Partnership's 2019 Stock Incentive Plan and can convert to partnership units, which may be exchanged for SPG common stock or cash. F2 notes the units were originally granted March 1, 2023 (maximum 6,246), determined to be 100% earned on March 11, 2026, and generally vest Jan 1, 2027 subject to continued service and other plan conditions.
- Timeliness: Filing covers the March 11, 2026 determination and was filed March 13, 2026 (timely under Form 4 rules).
Context
This is a compensation award (performance-based LTIP units), not an open-market purchase or sale. Earned units remain subject to vesting and service/other conditions before conversion to partnership units or shares, so the award does not imply immediate share ownership or sale.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-03-11$0.25/sh+6,246$1,562→ 28,046 total→ Common Stock (6,246 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 6,246 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 6.246 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.