SL Green Realty (NYSE: SLG) director gets 5,004.259 phantom units grant

Rhea-AI Filing Summary

SL Green Realty Corp. disclosed that one of its directors acquired 5,004.259 Phantom Stock Units on 01/05/2026. Each Phantom Stock Unit is tied to one share of SL Green common stock on a 1-for-1 basis.

The units will be paid in common stock, or in some cases cash, upon the earlier of a specified January 1 after the director leaves the board or dies, or upon a change of control of the company, to the extent vested. After this grant, the director beneficially owns 9,087.665 Phantom Stock Units, held 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^*

Lamb Peggy

(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	9,087.665	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/ Peggy Lamb, 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).
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FAQ

What insider transaction did SL Green Realty Corp (SLG) report in this filing?

A director of SL Green Realty Corp. acquired 5,004.259 Phantom Stock Units on 01/05/2026, increasing their deferred equity-based holdings in the company.

How do the Phantom Stock Units reported by SL Green (SLG) convert into common stock?

The filing states that each Phantom Stock Unit converts to common stock on a 1-for-1 basis, meaning one unit corresponds to one share of SL Green common stock.

When will the SL Green (SLG) Phantom Stock Units become payable to the director?

The Phantom Stock Units become payable, to the extent vested, in common stock or in some cases cash upon the earlier of a specified January 1 after the director ceases to be a director or dies, or upon a change of control of the issuer.

How many Phantom Stock Units does the SL Green director own after this transaction?

Following the reported transaction, the director beneficially owns 9,087.665 Phantom Stock Units, held in a direct ownership form.

Does the SL Green (SLG) director have flexibility in how Phantom Stock Unit distributions are made?

According to the disclosure, the director has been permitted to elect to receive distributions in installment payments and may be permitted to receive distributions for certain unforeseeable emergencies, in accordance with the governing program documents.

What is the reported price for the SL Green Phantom Stock Units granted to the director?

The Phantom Stock Units reported in the derivative securities table show a price of $0, indicating they were granted as a form of compensation rather than purchased for cash.