---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115887"
form_type: "8-K/A"
ticker: "SPG"
cik: "0001063761"
company_name: "SIMON PROPERTY GROUP INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:02:18.390146+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SPG adopts OPI Incentive Program linking executive pay to non-core investment success

## Summary
- Program adopted Nov 2, 2023; awards pool equals 9.9% of net proceeds above 8% preferred return hurdle.
- Initial Allocation Percentages: David Simon 40% each for ABG, ABG-SPG ES, SPARC; 30% each for JCP, RGG; 20% for Jamestown.
- Brian McDade, Steven Fivel, John Rulli, Adam Reuille received allocations from 2% to 15% across six investments.
- Awards are equity-based with three-year vesting; forfeited on termination; responsive to 2023 say-on-pay feedback.

## SEC filing metadata
- accession: 0001104659-23-115887
- form_type: 8-K/A
- ticker: SPG
- cik: 0001063761
- company_name: SIMON PROPERTY GROUP INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063761/000110465923115887/0001104659-23-115887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063761/000110465923115887/tm2330272d2_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115887
- JSON: https://secwatch.observer/filing/0001104659-23-115887.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115887.txt

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