Key facts
- This page summarizes Steven E. Fivel's Form 4 filing for SIMON PROPERTY GROUP INC /DE/ (SPG).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 15 Mar 2022, 16:19.
Steven E. Fivel - 11 Mar 2022 Form 4 Insider Report for SIMON PROPERTY GROUP INC /DE/ (SPG)
- Reporting relationship
- General Counsel
- Issuer ticker
- SPG
- Reported as of
- 11 Mar 2022
- Net transaction value
- +$1,561
- SEC form
- 4
- Accepted by SEC
- 15 Mar 2022, 16:19:11 UTC
- Prior SEC filing
- 04 Jan 2022
- Next SEC filing
- 04 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Steven E. Fivel by his attorney-in-fact, Alexander L.W. Snyder
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Steven E. Fivel filed Form 4 for SIMON PROPERTY GROUP INC /DE/ (SPG) on 15 Mar 2022.
Change
- Previous filing in this sequence was filed on 04 Jan 2022.
- Current net transaction value: +$1,561.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SPG
transaction
Derivative
LTIP Units
Award
- Transaction value
- $1,561
- Shares
- +6,244
- Change %
- +7.9%
- Price
- $0.2500*
- Shares after
- 85,507
- Date
- 11 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 6,244
- Exercise price
- Footnotes
- F1, F2
SPG
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +2,884
- Change %
- Price
- $0.000000
- Shares after
- 2,884
- Date
- 11 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,884
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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.
Footnote F2
On May 8, 2019, the Reporting Person was awarded a maximum of 16,425 LTIP units, subject to certain performance conditions. On March 11, 2022, 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 38.0%, or 6,244 of the LTIP units becoming earned LTIP units. The earned LTIP units vest on January 1, 2023, 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.
Footnote F3
Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of the Company.
Footnote F4
The RSUs are being issued pursuant to the Plan and will vest on March 11, 2025, 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.