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Simon Property (SPG) has shared an announcement.
On August 29, 2024, Simon Property Group awarded senior employees, including executive officers, a total of 585,902 long-term incentive plan units and restricted stock after the successful sale of its interest in Authentic Brands Group, which generated $1.5 billion. This award aligns with shareholder-approved executive compensation plans, featuring a five-year vesting period for top executives to reinforce long-term commitment and performance. The Committee chose not to allocate a portion of the awards, retaining it for the company, and determined the individual awards based on the closing stock price at the time of the grant.
See more insights into SPG stock on TipRanks’ Stock Analysis page.