STOCK TITAN
  1. Home
  2. Sec-filings
  3. SLG
  4. [Form 4] SL GREEN REALTY CORP Insider Trading Activity

Form 4: LEVINE ANDREW S reports acquisition/exercise transactions in SLG

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LEVINE ANDREW S reported acquisition or exercise transactions in a Form 4 filing for SLG. The filing lists transactions totaling 74,688 shares. Following the reported transactions, holdings were 244,704 shares.

Positive

  • None.

Negative

  • None.
Insider LEVINE ANDREW S
Role CHIEF LEGAL OFFICER & GC
Type Security Shares Price Value
Grant/Award LTIP Units 32,012 $0.00 --
Grant/Award LTIP Units 9,316 $0.00 --
Grant/Award LTIP Units 9,316 $0.00 --
Grant/Award LTIP Units 24,044 $0.00 --
Holdings After Transaction: LTIP Units — 244,704 shares (Direct)
Footnotes (1)
  1. Represents LTIP Units granted as an annual time-based equity award pursuant to an employment agreement dated as of August 13, 2025 between the reporting person and the issuer, which vest in equal installments on each of January 1, 2027 and January 1, 2028, subject to continued employment. 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. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional three-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) three years after the grant date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to a group of New York City-centric publicly traded real estate investment trusts. The LTIP Units vested 50% on December 31, 2025 and the remaining 50% will vest on December 31, 2026, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to the constituent companies of the Dow Jones US Real Estate Office Index at the start of such period that remained publicly traded at the conclusion of such period. The LTIP Units vested 50% on December 31, 2025 and the remaining 50% will vest on December 31, 2026, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.
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*
LEVINE ANDREW S
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF LEGAL OFFICER & GC
3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026
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
LTIP Units(1) (2) 02/12/2026 A 32,012 (2)(3) (2) Common Stock 32,012 $0 244,704 D
LTIP Units(4) (2) 02/12/2026 A 9,316 (2)(4) (2) Common Stock 9,316 $0 254,020 D
LTIP Units(5) (2) 02/12/2026 A 9,316 (2)(5) (2) Common Stock 9,316 $0 263,336 D
LTIP Units (2) 02/12/2026 A 24,044 (2)(3) (2) Common Stock 24,044 $0 287,380 D
Explanation of Responses:
1. Represents LTIP Units granted as an annual time-based equity award pursuant to an employment agreement dated as of August 13, 2025 between the reporting person and the issuer, which vest in equal installments on each of January 1, 2027 and January 1, 2028, subject to continued employment.
2. 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.
3. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional three-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) three years after the grant date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.
4. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to a group of New York City-centric publicly traded real estate investment trusts. The LTIP Units vested 50% on December 31, 2025 and the remaining 50% will vest on December 31, 2026, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.
5. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to the constituent companies of the Dow Jones US Real Estate Office Index at the start of such period that remained publicly traded at the conclusion of such period. The LTIP Units vested 50% on December 31, 2025 and the remaining 50% will vest on December 31, 2026, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.
/s/ Andrew S. Levine 02/17/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did SLG’s Andrew S. Levine report on this Form 4?

Andrew S. Levine reported receiving several grants of LTIP Units from SL Green Realty Corp as equity compensation. The awards were recorded at a grant price of $0.0000 per unit and increase his direct holdings in the partnership-linked incentive units.

How many LTIP Units were granted to SLG executive Andrew S. Levine?

Andrew S. Levine received four LTIP Unit grants of 32,012, 9,316, 9,316 and 24,044 units. Each grant represents a separate equity-based incentive award tied to time-based vesting or total stockholder return performance conditions disclosed in the accompanying footnotes.

When do Andrew S. Levine’s new SLG LTIP Unit awards vest?

The annual time-based LTIP award vests in equal installments on January 1, 2027 and January 1, 2028, subject to continued employment. Performance-based LTIP Units earned for 2023–2025 total stockholder return vested 50% on December 31, 2025, with the remaining 50% vesting on December 31, 2026.

What performance conditions apply to SLG’s LTIP Units granted to Levine?

Certain LTIP Units were earned based on SL Green’s total stockholder return from January 1, 2023 through December 31, 2025. Performance is measured relative to New York City-centric publicly traded REITs and to companies in the Dow Jones US Real Estate Office Index that remained publicly traded.

Can Andrew S. Levine immediately sell or redeem his new SLG LTIP Units?

No, the LTIP Units are subject to holding and no-sell provisions. Redemption and transfer are restricted for one or three years, depending on the specific grant, and generally cannot occur until certain time-based periods or employment events and change-in-control events have occurred.

How can SLG LTIP Units granted to Levine ultimately deliver value?

Once vesting and tax allocation conditions are met, each LTIP Unit may be converted into a Common Unit in SL Green Operating Partnership. Each Common Unit can then be redeemed for cash equal to the fair market value of a common share, or for one share at the issuer’s election.