SL Green (NYSE: SLG) CFO redeems 19,000 LTIP Units for cash

Rhea-AI Filing Summary

SL Green Realty Corp’s Chief Financial Officer Matthew J. DiLiberto reported an issuer-related disposition of 19,000 LTIP Units on May 4, 2026. These LTIP Units, issued under the company’s equity-based compensation programs, are partnership units that can convert into Common Units and ultimately into cash or common stock.

According to the partnership agreement, each LTIP Unit was converted into a Common Unit and presented for redemption, and the issuer elected to redeem the Common Units for cash at a price based on the average closing prices of the company’s common stock for the ten trading days ending May 1, 2026, reflected at $42.89 per unit in the transaction. Following this disposition to the issuer, DiLiberto directly holds 302,421 LTIP Units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DiLiberto Matthew J.

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Disposition	LTIP Units	19,000	$42.89	$815K

Holdings After Transaction: LTIP Units — 302,421 shares (Direct, null)

Footnotes (1)

1. Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The redemption right generally cannot be exercised until two years from the date of the grant. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates. In accordance with the terms of the First Amended and Restated Agreement of Limited Partnership of SL Green Operating Partnership, L.P., as amended (the "Partnership Agreement"), each LTIP Unit was converted into a Common Unit, and each resulting Common Unit was presented for redemption. At the election of the Issuer and in accordance with the terms of the Partnership Agreement, the Common Units presented for redemption were redeemed for cash, at a price per Common Unit based on the average of the closing prices of the Issuer's Common Stock for the ten consecutive trading days ending on May 1, 2026.

Key Figures

LTIP Units disposed: 19,000 LTIP Units Redemption price per unit: $42.89 per unit LTIP Units held after transaction: 302,421 LTIP Units +1 more

4 metrics

LTIP Units disposed 19,000 LTIP Units Disposition to issuer on May 4, 2026

Redemption price per unit $42.89 per unit Based on 10-day average closing prices ending May 1, 2026

LTIP Units held after transaction 302,421 LTIP Units Direct holdings following the disposition

Underlying common stock 19,000 shares Underlying security shares for disposed LTIP Units

Key Terms

LTIP Units, Common Unit, equity based compensatory programs, redemption right, +1 more

5 terms

LTIP Units financial

"Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs."

LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.

Common Unit financial

"each LTIP Unit was converted into a Common Unit, and each resulting Common Unit was presented for redemption."

A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.

equity based compensatory programs financial

"Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs."

redemption right financial

"Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash."

Agreement of Limited Partnership financial

"In accordance with the terms of the First Amended and Restated Agreement of Limited Partnership of SL Green Operating Partnership, L.P."

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

DiLiberto Matthew J.

(Last) (First) (Middle)

C/O SL GREEN REALTY CORP.

ONE VANDERBILT AVENUE - 28TH FLOOR

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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

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

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

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
LTIP Units	(1)	05/04/2026		D			19,000	(1)	(1)	Common Stock	19,000	$42.89(2)	302,421	D

Explanation of Responses:

1. Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The redemption right generally cannot be exercised until two years from the date of the grant. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.

2. In accordance with the terms of the First Amended and Restated Agreement of Limited Partnership of SL Green Operating Partnership, L.P., as amended (the "Partnership Agreement"), each LTIP Unit was converted into a Common Unit, and each resulting Common Unit was presented for redemption. At the election of the Issuer and in accordance with the terms of the Partnership Agreement, the Common Units presented for redemption were redeemed for cash, at a price per Common Unit based on the average of the closing prices of the Issuer's Common Stock for the ten consecutive trading days ending on May 1, 2026.

	/s/ Matthew J. DiLiberto	05/06/2026
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did SL Green (SLG) report for its CFO?

SL Green’s CFO Matthew J. DiLiberto reported an issuer disposition of 19,000 LTIP Units on May 4, 2026. These units were converted into Common Units and redeemed for cash under the partnership agreement’s terms, reflecting compensation-related equity activity rather than an open-market trade.

What are LTIP Units in the SL Green (SLG) Form 4 filing?

LTIP Units are equity-based partnership units issued under SL Green’s compensatory programs. Once vested and meeting tax capital conditions, each LTIP Unit can convert into a Common Unit, which may then be redeemed for cash or exchanged for one share of SL Green common stock, at the issuer’s election.

At what price were SL Green (SLG) LTIP Units effectively redeemed?

The Common Units resulting from 19,000 LTIP Units were redeemed for cash at a price based on the average closing prices of SL Green’s common stock for the ten trading days ending May 1, 2026. The Form 4 reflects a transaction price of $42.89 per unit for this redemption.

How many LTIP Units does the SL Green (SLG) CFO hold after this transaction?

After the reported disposition to the issuer, CFO Matthew J. DiLiberto directly holds 302,421 LTIP Units. These units remain subject to the partnership agreement, allowing future conversion into Common Units and potential redemption for cash or exchange into SL Green common stock, as permitted.

Was the SL Green (SLG) CFO’s Form 4 transaction an open-market stock sale?

No. The Form 4 describes a disposition to the issuer of 19,000 LTIP Units, not an open-market sale. The LTIP Units were converted into Common Units and redeemed for cash by the issuer under the partnership agreement, reflecting an internal equity compensation transaction.