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 |
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. |