0001415889-24-007306.txt : 20240308 0001415889-24-007306.hdr.sgml : 20240308 20240308152043 ACCESSION NUMBER: 0001415889-24-007306 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240306 FILED AS OF DATE: 20240308 DATE AS OF CHANGE: 20240308 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Simon Eli CENTRAL INDEX KEY: 0001803666 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14469 FILM NUMBER: 24733959 MAIL ADDRESS: STREET 1: 225 W. WASHINGTON ST. CITY: INDIANAPOLIS STATE: IN ZIP: 46204 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SIMON PROPERTY GROUP INC /DE/ CENTRAL INDEX KEY: 0001063761 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 046268599 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 225 WEST WASHINGTON STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46204-3438 BUSINESS PHONE: 317-636-1600 MAIL ADDRESS: STREET 1: 225 WEST WASHINGTON STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46204-3438 FORMER COMPANY: FORMER CONFORMED NAME: CORPORATE PROPERTY INVESTORS INC DATE OF NAME CHANGE: 19980610 4 1 form4-03082024_080337.xml X0508 4 2024-03-06 0001063761 SIMON PROPERTY GROUP INC /DE/ SPG 0001803666 Simon Eli 225 W. WASHINGTON ST. INDIANAPOLIS IN 46204 false true false false SR. VP, CORPORATE INVESTMENTS 0 LTIP Units 2024-03-06 4 A 0 7615 .25 A Common Stock 7615 7615 D Restricted Stock Units 2024-03-06 4 A 0 3283 0 A Common Stock 3283 3283 D 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. On March 1, 2021, the Reporting Person was awarded a maximum of 7,615 LTIP units, subject to certain performance conditions. On March 6, 2024, 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 7,615 of the LTIP units becoming earned LTIP units. The earned LTIP units vest on January 1, 2025, 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. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of the Company. The RSUs are being issued pursuant to the Plan in compliance with Rule 16b-3. The RSUs will vest on March 6, 2027, 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. /s/ Eli Simon by his attorney-in-fact, Steven E. Fivel 2024-03-08