SL Green Realty Corp (SLG) director receives phantom stock unit award

Rhea-AI Filing Summary

SL Green Realty Corp. reported that one of its directors acquired additional deferred equity through phantom stock units. On January 5, 2026, the director was credited with 5,004.259 phantom stock units at a price of $0 per unit in a non-cash transaction. Each phantom stock unit is designed to convert into one share of common stock on a 1-for-1 basis.

The phantom stock units generally become payable in common stock, or in some cases in cash, when the director leaves the board, upon the director’s death, or upon a change of control of the company, to the extent vested. The director may also be allowed to receive distributions in installments and, in limited cases, for unforeseeable emergencies. Following this grant, the director held 33,333.235 derivative securities tied to SL Green common stock.

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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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^*

GREEN STEPHEN L

(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	33,333.235	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/ Stephen L. Green, 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).
** 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.

FAQ

What insider transaction did SL Green Realty Corp (SLG) disclose?

SL Green Realty Corp disclosed that a director received 5,004.259 phantom stock units on January 5, 2026, a form of deferred equity linked to the company’s common stock.

How are the SLG phantom stock units converted into common stock?

The filing states that each phantom stock unit converts into one share of common stock on a 1-for-1 basis.

When do the SLG phantom stock units become payable to the director?

The phantom stock units become payable, to the extent vested, upon the earlier of (i) the January 1 coincident with or next following the earlier of the director ceasing to be a director or the director’s death, and (ii) a change of control of SL Green Realty Corp, as defined in the governing documents.

Can the SLG director choose how to receive phantom stock unit distributions?

According to the disclosure, 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.

How many derivative securities linked to SL Green (SLG) did the director hold after this transaction?

Following the reported transaction, the director beneficially owned 33,333.235 derivative securities tied to SL Green Realty Corp common stock.

Is the SLG reporting person an officer or director of the company?

The filing identifies the reporting person’s relationship to SL Green Realty Corp as a Director, with no officer title indicated.