Simon Property Group CEO David Simon's 2021 pay rises 17% to $10M
Simon Property Group reports 2021 executive compensation
By ExecPay News
Published: March 29, 2022
Simon Property Group reported fiscal year 2021 executive compensation information on March 29, 2022.
In 2021, five executives at Simon Property Group received on average a compensation package of $4.1M, a 14% increase compared to previous year.
Average pay of disclosed executives at Simon Property Group
David Simon, Chief Executive Officer, received $10M in total, which increased by 17% compared to 2020. 52% of Simon's compensation, or $5.5M, was in stock awards. Simon also received $3.8M in bonus, $1.3M in salary, as well as $17K in other compensation.
For fiscal year 2021, the median employee pay was $64,069 at Simon Property Group. Therefore, the ratio of David Simon's pay to the median employee pay was 163 to one.
Brian J. McDade, Chief Financial Officer, received a compensation package of $3M, which increased by 18% compared to previous year. 60% of the compensation package, or $1.8M, was in stock awards.
John Rulli, Chief Administrative Officer, earned $2.9M in 2021, a 9% increase compared to previous year.
Steven E. Fivel, General Counsel, received $2.9M in 2021, which increases by 5% compared to 2020.
Alexander L.W. Snyder, General Counsel, earned $1.4M in 2021, a 13% increase compared to previous year.
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Source: SEC filing on March 29, 2022.