How Simon was paid
$11.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| David SimonChairman, CEO and President | $1,250,000 | $3,000,000 | $7,000,261 | $413,417 | $11,663,678 |
| Brian J. McDadeExecutive Vice President and Chief Financial Officer | $696,154 | $900,000 | $3,000,303 | $143,992 | $4,740,449 |
| Eli SimonExecutive Vice President and Chief Operating Officer | $697,885 | $1,000,000 | $3,000,303 | $447,316 | $5,145,504 |
| Steven E. FivelGeneral Counsel and Secretary | $700,000 | $900,000 | $2,500,372 | $121,985 | $4,222,357 |
| John RulliChief Administrative Officer | $700,000 | $900,000 | $2,500,372 | $124,021 | $4,224,393 |
What changed and why
- $11.7MChief executive officer total compensation decreased to $11,663,678 in 2025 compared to $61,394,770 in 2024.
- No awards were granted under the Amended and Restated Other Platform Investment Program in 2025.
- $4.8BReal estate funds from operations reached $4,812,000,000 or $12.73 per diluted share for the fiscal year.
- 5.6%Common stock cash dividends increased 5.6% to $8.55 per share returned to shareholders in 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.