CEO Salary & Executive Compensation
Simon Property Group SPG
CEO: David Simon · Retail REITs · 2,500 employees
David Simon, CEO of Simon Property Group (SPG), earned $13.0M in total compensation in 2024. Simon Property Group receives a Pay-for-Performance grade of C (64/100), with a CEO-to-worker pay ratio of 186:1 and a say-on-pay shareholder approval of 96.4%. The company's 3-year total shareholder return is +17.0%.
How Simon Property Group CEO Pay Compares
David Simon's $13.0M total compensation is 0% below the Retail REITs industry median of $13.0M. The 186:1 CEO-to-worker pay ratio is 0% lower than the industry average of 186:1. Shareholders broadly support this compensation, with 96.4% approval.
David Simon, CEO of Simon Property Group (SPG), received $13.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-median-worker pay ratio is 186x, meaning David Simon's $13.0M total comp is roughly that many times the median $70,000 earned by Simon Property Group workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been positive over the three-year window: TSR of 17.0% alongside 6.0% revenue growth. Compensation packages tied to relative TSR or absolute return benchmarks would have vested at or near target levels with this performance profile.
Shareholders ratified the compensation package overwhelmingly: 96% of votes cast supported the company's pay practices at the most recent annual meeting. Say-on-pay support above 95% is typical for well-aligned compensation programs without obvious controversy. Simon Property Group operates in Retail REITs with 2,500 employees and $5.8B in annual revenue, and currently carries a market capitalization of $55.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Simon Property Group (SPG).
Compensation Breakdown
David Simon's $13.0M total compensation package for fiscal year 2024 includes $1.3M in base salary, $6.5M in stock awards, $1.6M in option awards, and $1.9M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2024 | $1.3M | - | $6.5M | $1.6M | $1.9M | $1.4M | $13.0M |
| 2023 | $1.2M | - | $6.2M | $1.5M | $1.9M | $1.4M | $12.3M |
| 2022 | $1.2M | - | $5.8M | $1.4M | $1.8M | $1.3M | $11.7M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
David Simon, CEO of Simon Property Group (SPG), earns $13.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
David Simon, CEO of Simon Property Group (SPG), earns $13.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Simon Property Group has a Pay-for-Performance Score of C (64/100). The company's 3-year total shareholder return is +17.0%, and the say-on-pay shareholder vote passed with 96.4% approval.
The CEO-to-median-worker pay ratio at Simon Property Group is 186:1. The median worker at Simon Property Group earns $70K per year, while CEO David Simon earns $13.0M in total compensation.
Simon Property Group employs approximately 2,500 people. The company operates in the Retail REITs industry within the Real Estate sector, generating $5.8B in annual revenue.