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.