SL Green (SLG) director awarded 5,004.259 phantom stock units in equity grant

Rhea-AI Filing Summary

SL Green Realty Corp. reported an insider equity transaction for a company director. The filing shows the grant of 5,004.259 phantom stock units, each convertible into one share of SL Green common stock on a 1-for-1 basis. These phantom stock units are designed to be paid out in common stock

The units generally become payable upon the earlier of the director ceasing to be a director, the director’s death, or a change of control of SL Green, in each case to the extent vested. The director may also be allowed to elect installment distributions and, in limited circumstances, receive distributions in connection with unforeseeable emergencies.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MATHIAS ANDREW W

(Last) (First) (Middle)

C/O SL GREEN REALTY CORP.

ONE VANDERBILT AVENUE - 28TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SL GREEN REALTY CORP [ SLG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	01/05/2026		A		5,004.259		(2)	(2)	Common Stock	5,004.259	$0	5,004.259	D

Explanation of Responses:

1. The Phantom Stock Units convert to Common Stock on a 1-for-1 basis.

2. The Phantom Stock Units become payable in Common Stock (or in certain cases in cash) upon (unless the reporting person elects otherwise in accordance with the documents governing the applicable program) the earlier of (i) the January 1 coincident with or next following the earlier of (A) the reporting person's ceasing to be a director, and (B) the reporting person's death, and (ii) a change of control of the Issuer (as determined under such governing documents), in each case to the extent vested. In addition, the reporting person (i) has been permitted to elect to receive distributions in the form of installment payments, and (ii) may be permitted to receive distributions for certain unforeseeable emergencies.

	/s/ Andrew W. Mathias, by Andrew S. Levine, attorney-in-fact	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transaction did SL Green Realty Corp (SLG) disclose in this Form 4?

SL Green Realty Corp disclosed that a director received 5,004.259 phantom stock units, each linked to one share of the company’s common stock.

How many SL Green (SLG) phantom stock units were granted to the director?

The director was granted 5,004.259 phantom stock units, as reported in Table II of the filing.

What do the SL Green (SLG) phantom stock units convert into?

The phantom stock units convert into SL Green common stock on a 1-for-1 basis, meaning each unit corresponds to one share of common stock.

When do the SL Green (SLG) phantom stock units become payable?

The units generally become payable in common stock the director ceasing to be a director, the director’s death, or a change of control of SL Green, to the extent vested.

Can the SL Green (SLG) director choose how the phantom stock units are paid out?

Yes. The filing states the director has been permitted to elect to receive distributions in the form of installment payments and may be permitted to receive distributions for certain unforeseeable emergencies.

Is there a cash payment involved in the SL Green (SLG) phantom stock units grant?

The phantom stock units become payable primarily in common stock, but the filing notes they may be payable in certain cases in cash, subject to the governing program documents.