Simon Eli 4
4 · SIMON PROPERTY GROUP INC. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Simon Property Group (SPG) COO Simon Eli Receives LTIP & RSU Award
What Happened
- Simon Eli, Chief Operating Officer of Simon Property Group (SPG), received two equity awards on March 11, 2026: 18,736 long‑term incentive performance (LTIP) units (reported at $0.25 each, $4,684 total) and 6,595 restricted stock units (RSUs) reported at $0.00. These are derivative grants (award code "A") rather than open‑market purchases or sales.
Key Details
- Transaction date: March 11, 2026; filing date: March 13, 2026 (timely).
- LTIP: 18,736 units reported at $0.25/unit (total $4,684). These were originally awarded on March 1, 2023 as performance awards and were determined to be earned at 100% by the Compensation Committee on March 11, 2026.
- RSUs: 6,595 units reported at $0.00/unit (total $0); granted pursuant to the company’s 2019 Stock Incentive Plan.
- Shares owned after the reported transactions: not specified in the filing.
- Footnote highlights:
- LTIP units (F1–F2): represent performance‑based units in the Operating Partnership that, when earned and vested, convert to partnership units which may be exchanged for SPG common stock or cash. Earned LTIPs vest on January 1, 2027 subject to continued service (with earlier vesting in certain events).
- RSUs (F3–F4): each RSU entitles the holder to one share at settlement; RSUs vest on March 11, 2029 subject to continued service (with customary early‑vesting exceptions).
- No indication of a 10b5‑1 plan, tax withholding sale, or late filing in this report.
Context
- These awards are grants/awards (not purchases or sales). LTIP units are performance‑based and remain subject to vesting and conversion mechanics before becoming actual shares (or cash). RSUs also do not deliver shares until vesting/settlement. As such, these filings reflect compensation awards and future potential equity rather than an immediate increase or decrease in marketable shares.
Insider Transaction Report
Form 4
Simon Eli
DirectorEVP / CHIEF OPERATING OFFICER
Transactions
- Award
LTIP Units
[F1][F2]2026-03-11$0.25/sh+18,736$4,684→ 31,539 total→ Common Stock (18,736 underlying) - Award
Restricted Stock Units
[F3][F4]2026-03-11+6,595→ 6,595 total→ Common Stock (6,595 underlying)
Footnotes (4)
- [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 18,736 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 18,736 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.
- [F3]Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of the Company.
- [F4]The RSUs are being issued pursuant to 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 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.
Signature
/s/ Eli Simon by his attorney-in-fact, Steven E. Fivel|2026-03-13