Steven E. Fivel - Aug 29, 2024 Form 4 Insider Report for SIMON PROPERTY GROUP INC /DE/ (SPG)

Signature
Steven E. Fivel
Stock symbol
SPG
Transactions as of
Aug 29, 2024
Transactions value $
$12,280
Form type
4
Date filed
8/30/2024, 11:19 AM
Previous filing
Apr 3, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPG LTIP Units Award $12.3K +49.1K +48.76% $0.25 150K Aug 29, 2024 Common Stock 49.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 under the Company's Amended and Restated Other Platform Investment Incentive Program established 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.
F2 The LTIP units vest in five substantially equal annual installments beginning on August 29, 2025, subject to a continued service requirement, or may vest earlier upon the Reporting Person's death or disability, upon a change of control of the Issuer where the LTIP units were not assumed, or upon certain terminations following a change of control of the Company, in each case as described in the award agreement.