Simon Property (NYSE: SPG) COO receives new LTIP and RSU grants

Rhea-AI Filing Summary

Simon Eli reported acquisition or exercise transactions in this Form 4 filing.

Simon Property Group executive vice president and chief operating officer Eli Simon reported equity compensation awards rather than market trades. On March 11, 2026, he received 18,736 LTIP units, representing performance-based long-term incentive units that were earned at 100% of the original maximum award.

These earned LTIP units will vest on January 1, 2027, subject to continued service, and may later be exchangeable for either common stock or cash at the company’s election. Following this grant, Simon holds 31,539 LTIP units. He was also granted 6,595 restricted stock units, each representing a contingent right to one share of common stock, which vest on March 11, 2029 subject to continued service and certain accelerated vesting conditions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Simon Eli

Role EVP / CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	18,736	$0.25	$5K
Grant/Award	Restricted Stock Units	6,595	$0.00	--

Holdings After Transaction: LTIP Units — 31,539 shares (Direct); Restricted Stock Units — 6,595 shares (Direct)

Footnotes (1)

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. 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. 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 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.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Simon Eli

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP / CHIEF OPERATING 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		18,736		(1)(2)	(1)	Common Stock	18,736	$0.25	31,539	D
Restricted Stock Units	(3)	03/11/2026		A		6,595		(4)	(4)	Common Stock	6,595	$0	6,595	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 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.

3. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of the Company.

4. 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.

	/s/ Eli Simon 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did Simon Property Group (SPG) report for Eli Simon?

Simon Property Group reported equity compensation grants to EVP and COO Eli Simon, not open-market trades. On March 11, 2026, he received 18,736 earned LTIP units and 6,595 restricted stock units, both tied to long-term performance and service-based vesting conditions.

How many LTIP units did Eli Simon receive in the latest Simon Property (SPG) Form 4?

Eli Simon received 18,736 LTIP units that were earned at 100% of a prior performance-based award. These units vest on January 1, 2027, subject to continued service, and increased his LTIP unit holdings to a total of 31,539 units after the transaction.

What are LTIP units and how can they convert into Simon Property (SPG) stock?

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 then be exchanged for either one share of Simon Property Group common stock or cash, at the company’s choice.

What restricted stock units (RSUs) were granted to Eli Simon at Simon Property Group (SPG)?

Eli Simon was granted 6,595 restricted stock units, each representing a contingent right to one share of Simon Property Group common stock. These RSUs vest on March 11, 2029, subject to continued service and certain accelerated vesting conditions such as death, disability, or change of control.

Are Eli Simon’s equity awards at Simon Property Group (SPG) open-market purchases or compensation grants?

The reported transactions are compensation-related grants, not open-market purchases. Both the 18,736 LTIP units and 6,595 restricted stock units were issued under Simon Property Group’s 2019 Stock Incentive Plan as long-term incentive awards, in compliance with Rule 16b-3 for executive compensation.

When do Eli Simon’s new Simon Property Group (SPG) awards vest and potentially settle into shares?

The earned 18,736 LTIP units are scheduled to vest on January 1, 2027, while the 6,595 restricted stock units vest on March 11, 2029. After vesting, LTIP-related partnership units and RSUs can be settled in Simon Property Group common shares or cash, according to plan terms.