SPG (SPG) CAO Adam Reuille earns 6,246 LTIP units in performance award

Rhea-AI Filing Summary

SIMON PROPERTY GROUP INC. senior vice president and chief accounting officer Adam Reuille received a grant of 6,246 LTIP units tied to long-term performance. These LTIP units were originally awarded in March 2023 as a maximum opportunity and have now been fully earned at 100% of the target based on achieved performance measures.

The LTIP units are issued by Simon Property Group, L.P. under its 2019 Stock Incentive Plan as long-term incentive compensation. When earned and vested, each LTIP unit can convert into a partnership unit, which in turn may be exchanged for either one share of the company’s common stock or cash, at the company’s election.

Following this award, Reuille now holds 28,046 LTIP units. The newly earned LTIP units vest on January 1, 2027, subject to continued service, but may vest earlier upon events such as death, disability, a change of control, or certain retirement circumstances as determined by the compensation committee.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reuille Adam

(Last) (First) (Middle)

225 W. WASHINGTON ST.

(Street)

INDIANAPOLIS IN 46204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMON PROPERTY GROUP INC. [ SPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CHIEF ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)	(1)	03/11/2026		A		6,246		(1)(2)	(1)	Common Stock	6,246	$0.25	28,046	D

Explanation of Responses:

1. 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.

2. On March 1, 2023, the Reporting Person was awarded a maximum of 6,246 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 6.246 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.

	/s/ Adam Reuille by his attorney-in-fact, Steven E. Fivel	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did SPG executive Adam Reuille report on this Form 4 for SIMON PROPERTY GROUP INC. (SPG)?

The Form 4 reports that Adam Reuille received 6,246 LTIP units as long-term incentive compensation. These units were fully earned based on performance conditions and increase his total LTIP holdings to 28,046 units following the transaction.

What are LTIP units granted to Adam Reuille by SIMON PROPERTY GROUP INC. (SPG)?

The LTIP units are long-term incentive performance units in Simon Property Group, L.P. When earned and vested, each LTIP unit may convert into a partnership unit, which can be exchanged for one share of common stock or cash, at the company’s choice.

When were Adam Reuille’s SPG LTIP performance targets set, and what was the outcome?

On March 1, 2023, Reuille was awarded a maximum of 6,246 LTIP units subject to performance conditions. On March 11, 2026, the compensation committee determined performance reached 100%, so all 6,246 units became earned LTIP units.

When do Adam Reuille’s newly earned SPG LTIP units vest?

The earned LTIP units are scheduled to vest on January 1, 2027, subject to a continued service requirement. They may vest earlier upon death, disability, a change of control, or certain retirements as determined by the company’s compensation committee.

How many LTIP units does Adam Reuille hold after this SPG Form 4 transaction?

After this transaction, Adam Reuille holds a total of 28,046 LTIP units. The 6,246 newly earned units are part of this total and represent performance-based long-term incentive compensation under the 2019 Stock Incentive Plan.

Can Adam Reuille’s SPG LTIP units turn into common stock of SIMON PROPERTY GROUP INC. (SPG)?

Yes. Once earned and vested, each LTIP unit converts into a partnership unit, and each partnership unit may be exchanged for one share of SPG common stock or cash, with the form of settlement selected by the company.