Simon Eli 4
4 · SIMON PROPERTY GROUP INC. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Simon Property (SPG) CEO Eli Simon Receives 3,117 RSU Award
What Happened Eli Simon, CEO/President/COO and a director of Simon Property Group, was granted 3,117 restricted stock units (RSUs) on 2026-05-13. The Form 4 reports the grant as a derivative award (code A) at $0.00 per unit (no immediate cash payment). The RSUs represent a contingent right to receive one share of SPG common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (timely filing).
- Grant: 3,117 RSUs | reported price: $0.00 (derivative award).
- Vesting: RSUs vest on March 11, 2029, subject to a continued service requirement; may vest earlier upon death, disability, change of control, or approved retirement per the grant/Compensation Committee.
- Plan & compliance: Issued under the Simon Property Group, L.P. 2019 Stock Incentive Plan and granted in compliance with Rule 16b-3.
- Shares owned after transaction: not specified in the provided filing.
Context RSUs are compensation awards that convert into shares only if/when they vest and are settled (typically in shares) — they are not an immediate open-market purchase or sale. This grant increases potential future equity compensation for the CEO but does not reflect an immediate change in market-held shares or a cash investment by the insider.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-05-13+3,117→ 3,117 total→ Common Stock (3,117 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of the Simon Property Group, Inc. (the "Company").
- [F2]The RSUs are being issued under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan (the "Plan"), in compliance with Rule 16b-3. The RSUs will vest on March 11, 2029, subject to a continued service requirement, or may vest and settle earlier due 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 and Human Capital Committee (the "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. Vested RSUs will be settled in shares of the Company's common stock as soon as practicable after the vesting date.