Reuille Adam 4

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.