REUBEN S. LEIBOWITZ - Corporate Board Profile

SIMON PROPERTY GROUP INC /DE/

Filing Date	Source Excerpt
2013-04-04	Reuben S. Leibowitz Independent Director Nominee Age: 65 Director since: 2005 Committees Served: Compensation (Chair), Audit Other Public Directorships: AV Homes Inc. Managing Member of JEN Partners, a private equity firm, since 2005. Mr. Leibowitz was a Managing Director of Warburg Pincus from 1984 to 2005. He was a director of Chelsea Property Group, Inc. from 1993 until it was acquired by the company in 2004. Specific qualifications and experience of particular relevance to our Company Mr. Leibowitz led a major private equity firm’s real estate activities for many years and in that role was responsible for developing long-term corporate strategies. Mr. Leibowitz practiced 15 years as a CPA, including a number of years specializing in tax issues, and is an attorney. He has an in-depth understanding of our Premium Outlets® platform having served as a director of Chelsea Property Group, the publicly-held company we acquired in 2004. He serves on our Audit Committee and Compensation Committee which he chairs. He has been designated as an “audit committee financial expert.”
2014-04-10	Reuben S. Leibowitz Age: 66 Director since: 2005 Committees Served: Compensation (Chair), Audit 2013 INDEPENDENT DIRECTOR COMPENSATION Reuben S. Leibowitz Fees Earned or Paid in Cash: 122,000 Stock Awards: 92,500 Total: 214,500
2015-04-03	Reuben S. Leibowitz Age: 67 Director since: 2005 Committees Served: Compensation (Chair), Audit Other Public Directorships: None
2016-04-01	Reuben S. Leibowitz 68 Managing Member of JEN Partners Compensation (Chair), Audit 2015 INDEPENDENT DIRECTOR COMPENSATION Reuben S. Leibowitz 123,300 Fees Earned or Paid in Cash 167,333 Stock Awards Total 290,633
2017-03-31	Reuben S. Leibowitz Age: 69 Director since: 2005 Committees Served: Compensation (Chair), Audit 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 Reuben S. Leibowitz $125,000 $172,754 $297,754
2018-03-28	Reuben S. Leibowitz Age: 70 Director since: 2005 Committees Served: Compensation (Chair), Audit 2017 INDEPENDENT DIRECTOR COMPENSATION Reuben S. Leibowitz Fees Earned or Paid in Cash: $125,000 Stock Awards: 171,448 Total: $296,448
2019-03-27	Reuben S. Leibowitz Age: 71 Director since: 2005 Committees Served: Compensation (Chair), Audit Other Public Directorships: None Managing Member of JEN Partners, a private equity firm, since 2005. Mr. Leibowitz was a Managing Director of Warburg Pincus from 1984 to 2005. He was a director of Chelsea Property Group, Inc. from 1993 until it was acquired by the Company in 2004 and previously served as a director of AV Homes, Inc. Mr. Leibowitz led a major private equity firm's real estate activities for many years and in that role was also responsible for implementing long-term corporate strategies. Mr. Leibowitz practiced 15 years as a CPA, including a number of years specializing in tax issues, and is an attorney. He has an in-depth understanding of our Premium Outlets® platform, having served as a director of Chelsea Property Group, the publicly-held company we acquired in 2004. He serves on our Audit Committee and Compensation 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: Reuben S. Leibowitz $131,411 fees earned or paid in cash, $200,122 stock awards, total $331,533.
2020-04-02	Reuben S. Leibowitz Age: 72 Director since: 2005 Committees Served: Compensation (Chair), Audit Other Public Directorships: None Managing Member of JEN Partners, a private equity firm, since 2005.
2021-03-26	Reuben S. Leibowitz Age: 73 Director since: 2005 Committees Served: Compensation (Chair), Audit 2020 INDEPENDENT DIRECTORS' COMPENSATION Reuben S. Leibowitz Fees Earned or Paid in Cash: $135,000 Stock Awards: $186,254 Total: $321,254
2022-03-30	Mr. Leibowitz led a major private equity firm’s real estate activities for many years and in that role was also responsible for implementing long-term corporate strategies. Mr. Leibowitz practiced 15 years as a CPA, including a number of years specializing in tax issues, and is an attorney. He has an in-depth understanding of our Premium Outlets® platform, having served as a director of Chelsea Property Group, the publicly-held company we acquired in 2004. He serves on our Audit Committee and Compensation and Human Capital Committee, which he chairs. The Board has determined that he is an “audit committee financial expert”.
2023-03-23	Reuben S. Leibowitz, 75, has served as Managing Member of JEN Partners ... Director since 2005 ... Audit Committee ... Compensation and Human Capital Committee (Chair) ... 2022 Independent Director Compensation ... Reuben S. Leibowitz ... $316,720
2024-03-27	Reuben S. Leibowitz, 76, has served as Managing Member of JEN Partners ... Audit Committee ... Compensation and Human Capital Committee (Chair) ... 2023 Independent Director Compensation ... Reuben S. Leibowitz $330,532 total compensation.
2025-04-01	Reuben S. Leibowitz, Managing Member of JEN Partners, Director since 2005, Age: 77, Committees: Audit, Compensation and Human Capital (Chair). 2024 Independent Director Compensation: $341,982 total.