J. ALBERT SMITH, JR. - Corporate Board Profile

SIMON PROPERTY GROUP INC /DE/

Filing Date	Source Excerpt
2013-04-04	J. Albert Smith, Jr. Independent Director Nominee Age: 72 Director since: 1993 Committees Served: Lead Director, Audit (Chair) Other Public Directorships: None President of Chase Bank in Central Indiana and Managing Director of JPMorgan Private Bank since 2005. Mr. Smith was President of Bank One Central Indiana from 2001 to 2005; Managing Director of Banc One Corporation from 1998 to 2001; President of Bank One, Indiana, NA from 1994 to 1998; and President of Banc One Mortgage Corporation from 1974 to 1994. Mr. Smith serves as Lead Independent Director. Specific qualifications and experience of particular relevance to our Company Mr. Smith has served as president and managing director of the Midwest operations of a major financial institution for a number of years during which time he has been involved in real estate lending activities. Through these experiences he has developed expertise in financial management and credit markets. He serves as our Lead Independent Director and is a member of our Audit Committee which he chairs. He has been designated an “audit committee financial expert.”
2014-04-10	J. Albert Smith, Jr. Age: 73 Director since: 1993 Committees Served: Audit (Chair) 2013 INDEPENDENT DIRECTOR COMPENSATION J. Albert Smith, Jr. Fees Earned or Paid in Cash: 118,000 Stock Awards: 105,000 Total: 223,000
2015-04-03	J. Albert Smith, Jr. Age: 74 Director since: 1993 Committees Served: Audit (Chair), Compensation Other Public Directorships: None
2016-04-01	J. Albert Smith, Jr. 75 Chairman, Chase Bank in Central Indiana and Managing Director of J.P. Morgan Private Bank Audit (Chair), Compensation 2015 INDEPENDENT DIRECTOR COMPENSATION J. Albert Smith, Jr. 125,300 Fees Earned or Paid in Cash 167,333 Stock Awards Total 292,633
2017-03-31	J. Albert Smith, Jr. Age: 76 Director since: 1993 Committees Served: Audit (Chair), Compensation Other Public Directorships: None The Company compensates its independent directors through the use of annual retainers. The Company provides each independent director an annual cash retainer of $100,000 and an annual restricted stock award retainer with a grant date value of $150,000. In addition to the annual cash and restricted stock retainers for service as a director described above, each independent director also receives additional annual retainers based on his or her role(s) as a committee chairperson, a committee member or Lead Independent Director. The chairperson of the Audit Committee and the chairperson of the Compensation Committee each are paid an annual retainer of $35,000. The chairperson of the Governance and Nominating Committee is paid an annual retainer of $25,000. Each member of the Audit Committee and Compensation Committee is paid a $15,000 annual retainer. Each member of the Governance and Nominating Committee is paid a $10,000 annual retainer. The annual retainer for the Independent Lead Director is $50,000. These committee chairperson, committee member and Lead Independent Director retainers are paid 50% in cash and 50% in restricted stock. 2016 INDEPENDENT DIRECTOR COMPENSATION J. Albert Smith, Jr. $125,000 $172,754 $297,754
2018-03-28	J. Albert Smith, Jr. Age: 77 Director since: 1993 Committees Served: Audit (Chair), Compensation 2017 INDEPENDENT DIRECTOR COMPENSATION J. Albert Smith, Jr. Fees Earned or Paid in Cash: $125,000 Stock Awards: 171,448 Total: $296,448
2019-03-27	J. Albert Smith, Jr. Age: 78 Director since: 1993 Committees Served: Audit (Chair), Compensation Other Public Directorships: None Chairman, Chase Bank, a national financial institution, in Central Indiana since 2014 and Managing Director of J.P. Morgan Private Bank since 2005. Mr. Smith was President of Bank One Central Indiana from 2001 to 2005; Managing Director of Banc One Corporation from 1998 to 2001; President of Bank One, Indiana, NA from 1994 to 1998; and President of Banc One Mortgage Corporation from 1974 to 1994. Mr. Smith has served as Chairman, President and Managing Director of the Midwest operations of a major financial institution for a number of years during which time he has been involved in real estate lending activities. Through these experiences he has developed expertise in financial management and credit markets. He served as our Lead Independent Director until March 2014 and currently serves on our Compensation Committee and our Audit Committee, which he chairs. The Board has determined that he is an "audit committee financial expert". The Company continues to compensate its independent directors through the use of annual retainers. After the independent directors are elected, the Company awards each independent director an annual cash retainer of $110,000, paid quarterly, and makes a restricted stock award with a grant date value of $175,000 that vests on the first anniversary of the grant date. In addition to the annual cash and restricted stock retainers for service as a director described above, each independent director receives additional annual retainers based on his or her role(s) as a committee chairperson, a committee member or Lead Independent Director. The chairperson of the Audit Committee and the chairperson of the Compensation Committee each are paid an annual retainer of $35,000. The chairperson of the Governance and Nominating Committee is paid an annual retainer of $25,000. Each member of the Audit Committee and Compensation Committee is paid a $15,000 annual retainer. Each member of the Governance and Nominating Committee is paid a $10,000 annual retainer. The annual retainer for the Lead Independent Director is $50,000. These committee chairperson, committee member and Lead Independent Director retainers are paid 50% in cash and 50% in restricted stock. The following table sets forth information regarding the compensation we paid to our independent directors for 2018: J. Albert Smith, Jr. $131,411 fees earned or paid in cash, $200,122 stock awards, total $331,533.
2020-04-02	J. Albert Smith, Jr. Age: 79 Director since: 1993 Committees Served: Audit (Chair), Compensation Other Public Directorships: None Chairman, Chase Bank, a national financial institution, in Central Indiana since 2014 and Managing Director of J.P. Morgan Private Bank since 2005.
2021-03-26	J. Albert Smith, Jr. Age: 80 Director since: 1993 Committees Served: Audit (Chair), Compensation 2020 INDEPENDENT DIRECTORS' COMPENSATION J. Albert Smith, Jr. Fees Earned or Paid in Cash: $135,000 Stock Awards: $186,254 Total: $321,254
2022-03-30	Mr. Smith has served as Chairman, President and Managing Director of the Midwest operations of a major financial institution for a number of years during which time he has been involved in real estate lending activities. Through these experiences he has developed expertise in financial management and credit markets. He served as our Lead Independent Director until March 2014 and currently serves on our Compensation and Human Capital Committee and our Audit Committee, which he chairs. The Board has determined that he is an “audit committee financial expert”.