Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

In recognition of the extraordinary efforts of 23 officers and employees of Simon Property Group, Inc. ("the Company"), including its named executive officers, which contributed to the Company's successful investment in Authentic Brands Group, LLC, on February 3, 2022, the Compensation and Human Capital Committee (the "Committee") of the Board of Directors (the "Board") of the Company, unanimously approved, and acting on the recommendation of the Committee, at a meeting of the independent directors held on February 10, 2022, the independent directors in attendance unanimously approved cash payments to the Company's named executive officers in the following amounts: David Simon - Chairman of the Board, Chief Executive Officer, and President, $24,250,000; Steven E. Fivel - General Counsel and Secretary, $6,000,000; John Rulli - Chief Administrative Officer, $1,500,000; Brian J. McDade - Executive Vice President, Chief Financial Officer, and Treasurer, $3,000,000; and Alexander L.W. Snyder - Assistant General Counsel and Assistant Secretary, $1,000,000. Such payments will be made promptly.

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