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SL Green (NYSE: SLG) CFO redeems 18,735 LTIP units for cash

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

Rhea-AI Filing Summary

SL Green Realty Corp's Chief Financial Officer Matthew J. DiLiberto reported a disposition of 18,735 LTIP Units to the issuer. Each LTIP Unit corresponded to 18,735 underlying shares of Common Stock.

The LTIP Units were first converted into Common Units of SL Green Operating Partnership, then the resulting Common Units were redeemed for cash at a price per Common Unit based on the average closing price of SL Green's Common Stock for the ten trading days ending on June 23, 2026. Following this transaction, DiLiberto holds 283,686 derivative securities.

Positive

  • None.

Negative

  • None.
Insider DiLiberto Matthew J.
Role CHIEF FINANCIAL OFFICER
Type Security Shares Price Value
Disposition LTIP Units 18,735 $50.65 $949K
Holdings After Transaction: LTIP Units — 283,686 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 June 23, 2026.
LTIP Units disposed 18,735 units Disposition to issuer on June 24, 2026
Price per LTIP Unit $50.65 per unit Reported transaction price per LTIP Unit
Underlying Common Stock 18,735 shares Underlying security shares related to LTIP Units
Holdings after transaction 283,686 derivative securities Total reported following the disposition
Pricing reference period 10 trading days Average closing prices ending on June 23, 2026
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.
redemption financial
"the Common Units presented for redemption were redeemed for cash, at a price per Common Unit based on the average of the closing prices"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.
Partnership Agreement financial
"In accordance with the terms of the First Amended and Restated Agreement of Limited Partnership of SL Green Operating Partnership, L.P."
A partnership agreement is a written contract that lays out how two or more parties will work together, splitting responsibilities, profits, losses and decision-making. Think of it as a detailed roadmap or house rulebook for a joint project; it matters to investors because the terms determine how much revenue and risk a company will take on, how quickly it can act, and whether the partnership could dilute control or boost growth potential.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF FINANCIAL OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
LTIP Units(1)06/24/2026D18,735 (1) (1)Common Stock18,735$50.65(2)283,686D
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 June 23, 2026.
/s/ Matthew J. DiLiberto06/25/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did SL Green (SLG) CFO Matthew J. DiLiberto report in this Form 4?

DiLiberto reported disposing of 18,735 LTIP Units to SL Green. The units were converted into Common Units and then redeemed for cash based on the 10-day average closing price ending June 23, 2026.

How many LTIP Units did the SL Green (SLG) CFO dispose of?

He disposed of 18,735 LTIP Units. Each LTIP Unit corresponded to 18,735 underlying shares of Common Stock, which were converted into Common Units and then redeemed for cash under the partnership agreement’s terms.

What price was used to redeem the SL Green (SLG) Common Units?

The Common Units were redeemed for cash at a price per unit based on the average of the closing prices of SL Green’s Common Stock for the ten consecutive trading days ending on June 23, 2026, as specified in the partnership agreement.

What are LTIP Units in the context of SL Green (SLG)?

LTIP Units are equity-based compensation units issued under SL Green’s programs. Once vested and meeting tax allocation conditions, each LTIP Unit may be converted into a Common Unit, which can then be redeemed for cash or, at the issuer’s election, for one share of Common Stock.

How many derivative securities does the SL Green (SLG) CFO hold after this transaction?

After this disposition and redemption sequence, DiLiberto is reported as holding 283,686 derivative securities. This figure reflects his remaining position following the 18,735 LTIP Units that were converted to Common Units and redeemed for cash.

When could SL Green (SLG) LTIP Units generally be redeemed for cash or stock?

The redemption right for Common Units acquired from LTIP Units generally cannot be exercised until two years from the grant date. After that, holders may present Common Units for cash equal to fair market value, or the issuer may instead deliver one share of Common Stock per unit.