SL Green (SLG) CEO Marc Holliday receives 35,833 LTIP Units as equity bonus

Rhea-AI Filing Summary

SL Green Realty Corp. disclosed that its President and CEO, Marc Holliday, received 35,833 LTIP Units on 12/16/2025, issued in lieu of a cash bonus he had elected to take in equity. These LTIP Units are derivative securities linked to the company’s common stock.

Once certain tax-related capital account conditions are met and vesting occurs, each LTIP Unit can be converted into a Common Unit of SL Green Operating Partnership, L.P. Each Common Unit may then be redeemed for cash equal to the fair market value of one share of SL Green common stock, or, at the issuer’s election, one share of common stock instead of cash. The redemption right generally cannot be exercised until two years after the grant date.

Each LTIP Unit and any Common Unit received upon conversion is also subject to a further three-year no-sell provision, limiting transfers and redemptions until the earlier of three years after grant, termination of Holliday’s employment, or a change in control of the company. Following this grant, Holliday beneficially owned 1,345,277 derivative securities directly.

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

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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^*

HOLLIDAY MARC

(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
X	Officer (give title below)		Other (specify below)
	PRESIDENT & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

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)	12/16/2025		A		35,833		(2)(3)	(2)	Common Stock	35,833	$0	1,345,277	D

Explanation of Responses:

1. Represents LTIP Units issued in lieu of cash bonus in accordance with an election made by the reporting person.

2. 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.

	/s/ Marc Holliday	12/18/2025
	** 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).
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FAQ

What insider transaction did SL Green (SLG) report for Marc Holliday?

SL Green reported that President and CEO Marc Holliday received 35,833 LTIP Units on 12/16/2025, issued in lieu of a cash bonus.

How are the LTIP Units granted to the SL Green (SLG) CEO linked to common stock?

After vesting and tax-related capital account conditions are met, each LTIP Unit may be converted into a Common Unit, which can be redeemed for cash equal to the fair market value of one share of common stock, or for one share of SL Green common stock at the issuer’s election.

When can the LTIP Units granted to the SL Green (SLG) CEO be redeemed?

The redemption right tied to the Common Units generally cannot be exercised until two years from the grant date of 12/16/2025.

What additional holding restrictions apply to the LTIP and Common Units at SL Green (SLG)?

Each LTIP Unit and any Common Unit received upon conversion is subject to an additional three-year no-sell provision, limiting transfers and redemptions until the earlier of three years after grant, termination of the CEO’s employment, or a change in control of the issuer.

What is Marc Holliday’s beneficial ownership after this LTIP grant at SL Green (SLG)?

After the reported transaction, Marc Holliday beneficially owned 1,345,277 derivative securities, held directly.

Why were LTIP Units used instead of a cash bonus at SL Green (SLG)?

The filing states that the 35,833 LTIP Units represent units issued in lieu of a cash bonus, in accordance with an election made by the reporting person to receive equity instead of cash.