SLG Form 4 reports acquisition/exercise transactions

MATHIAS ANDREW W reported acquisition or exercise transactions in a Form 4 filing for SLG.

Accepted by SEC EDGAR 02/17/2026 - 07:12 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

MATHIAS ANDREW W reported acquisition or exercise transactions in a Form 4 filing for SLG. The filing lists transactions totaling 201,234 shares. Following the reported transactions, holdings were 1,123,752 shares.

Insider Trade Summary

Grant/Award: 201,234 shares

Grant/Award 2 txns

Insider MATHIAS ANDREW W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	100,617	$0.00	$0.00
Grant/Award	LTIP Units	100,617	$0.00	$0.00

Holdings After Transaction: LTIP Units — 1,224,369 contracts (Direct)

Holdings Before and After: LTIP Units, 1,023,135 to 1,224,369 contracts (Direct)

Footnotes (3)

1. F1. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to a group of New York City-centric publicly traded real estate investment trusts. The LTIP Units vested in full on December 31, 2025. Each LTIP Unit and Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit") acquired upon conversion of such LTIP Unit is subject to an additional two-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) two years after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.
2. F2. 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 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. F3. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to the constituent companies of the Dow Jones US Real Estate Office Index at the start of such period that remained publicly traded at the conclusion of such period. The LTIP Units vested in full on December 31, 2025. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional two-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) two years after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SL Green Realty (SLG) report for Andrew W. Mathias?

SL Green director Andrew W. Mathias reported acquiring two blocks of 100,617 LTIP Units each on February 12, 2026 at $0 per unit. These are equity incentive awards tied to the company’s long-term total stockholder return versus defined real estate peer groups.

How many LTIP Units does Andrew W. Mathias hold after the February 2026 SLG awards?

After the February 12, 2026 awards, Andrew W. Mathias beneficially owns 1,123,752 LTIP Units in one performance tranche and 1,224,369 LTIP Units in another. These derivative holdings reflect cumulative equity incentives granted under SL Green Realty’s compensation programs.

What performance period determined the vesting of the new SL Green (SLG) LTIP Units?

The LTIP Units were earned based on SL Green’s total stockholder return from January 1, 2023 through December 31, 2025. Performance was measured against New York City-centric REITs and the Dow Jones US Real Estate Office Index constituents that remained publicly traded through that period.

When did the SL Green (SLG) LTIP Units granted to Andrew Mathias vest and when can they be sold?

The LTIP Units vested in full on December 31, 2025, after the three-year performance period. They are subject to an additional two-year no-sell provision, generally restricting transfers and related redemption rights until two years after vesting, employment termination, or a change in control.

How can SL Green (SLG) LTIP Units held by Andrew Mathias ultimately convert into common stock or cash?

Each vested LTIP Unit may be converted, at the holder’s election, into an operating partnership Common Unit. Each Common Unit can then be redeemed for cash equal to the fair market value of one SL Green common share, or one share if the company elects stock settlement.

Do the SL Green (SLG) LTIP Units reported by Andrew Mathias have an expiration date?

The rights to convert LTIP Units into operating partnership Common Units and to redeem those Common Units do not have expiration dates. However, the related redemption right generally cannot be exercised until two years from the grant date, subject to the program’s terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
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^*

MATHIAS ANDREW W

(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)
02/12/2026

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
LTIP Units(1)	(2)	02/12/2026		A		100,617		(1)(2)	(2)	Common Stock	100,617	$0	1,123,752	D
LTIP Units(3)	(2)	02/12/2026		A		100,617		(1)(3)	(2)	Common Stock	100,617	$0	1,224,369	D

Explanation of Responses:

1. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to a group of New York City-centric publicly traded real estate investment trusts. The LTIP Units vested in full on December 31, 2025. Each LTIP Unit and Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit") acquired upon conversion of such LTIP Unit is subject to an additional two-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) two years after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.

2. 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 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. Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to the constituent companies of the Dow Jones US Real Estate Office Index at the start of such period that remained publicly traded at the conclusion of such period. The LTIP Units vested in full on December 31, 2025. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional two-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) two years after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.

	/s/ Andrew W. Mathias	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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