SL Green CEO redeems 92,025 units for cash
The cash redemption price was based on the average closing prices for the ten consecutive trading days ending September 10, 2026.
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Rhea-AI Filing Summary
SL Green Realty Corp. Chief Executive Officer and director Marc Holliday disposed of 92,025 LTIP Units on September 11, 2026. The units were converted into Common Units and redeemed for cash at $54.85 per Common Unit, based on the average closing prices of the issuer’s common stock for the ten consecutive trading days ending September 10, 2026. His reported direct position after the transaction was 1,432,523 LTIP Units; no Rule 10b5-1 plan is reported.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | LTIP Units F1, F2 | 92,025 | $54.85 | $5.05M |
Footnotes (2)
- F1. 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.
- F2. 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 September 10, 2026.
Key Figures
Key Terms
LTIP Units financial
Common Unit financial
redemption right financial
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How many LTIP Units did SLG CEO Marc Holliday dispose of?
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