---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115767"
form_type: "8-K"
ticker: "SPG"
cik: "0001063761"
company_name: "SIMON PROPERTY GROUP INC."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:37:06.454892+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Simon Property Group adopts OPI Incentive Program with initial NEO allocations up to 40% for CEO

## Summary
- Program links executive compensation to monetization of non-core investments; pool equals 9.9% of net proceeds above 8% hurdle.
- CEO David Simon receives 40% allocation in ABG, ABG-SPG ES, SPARC; 30% in JCP and RGG; 20% in Jamestown.
- CFO McDade gets 7% in ABG, ABG-SPG ES, SPARC, JCP and 15% in Jamestown; other NEOs range from 2% to 7%.
- Program revised after advisory vote failed to receive majority support; includes pre-determined allocations, equity vesting, and 8% preferred return hurdle.

## SEC filing metadata
- accession: 0001104659-23-115767
- form_type: 8-K
- ticker: SPG
- cik: 0001063761
- company_name: SIMON PROPERTY GROUP INC.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063761/000110465923115767/0001104659-23-115767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063761/000110465923115767/tm2330272d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115767
- JSON: https://secwatch.observer/filing/0001104659-23-115767.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115767.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.