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