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Form 4: HOLLIDAY MARC reports acquisition/exercise transactions in SLG

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HOLLIDAY MARC reported acquisition or exercise transactions in a Form 4 filing for SLG. The filing lists transactions totaling 361,929 shares. Following the reported transactions, holdings were 1,365,031 shares.

Positive

  • None.

Negative

  • None.
Insider HOLLIDAY MARC
Role PRESIDENT & CEO
Type Security Shares Price Value
Grant/Award LTIP Units 110,387 $0.00 --
Grant/Award LTIP Units 125,771 $0.00 --
Grant/Award LTIP Units 125,771 $0.00 --
Holdings After Transaction: LTIP Units — 1,365,031 shares (Direct)
Footnotes (1)
  1. Represents LTIP Units granted pursuant to an employment agreement dated as of December 27, 2024 between the reporting person and the Issuer, as amended by the first amendment thereto dated as of June 24, 2025, which LTIP Units vest in equal installments on each of January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment. This amount may be adjusted upwards by up to 200% at the conclusion of a three-year performance period ending December 31, 2027 based on the Issuer's achievement of certain operational performance metrics during such period. 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. 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. 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 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. 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.
Form 4 Insider Transactions: What Each Field Means →
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*
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)
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 110,387 (2)(3) (2) Common Stock 110,387 $0 1,365,031 D
LTIP Units(4) (2) 02/12/2026 A 125,771 (2)(4) (2) Common Stock 125,771 $0 1,490,802 D
LTIP Units(5) (2) 02/12/2026 A 125,771 (2)(5) (2) Common Stock 125,771 $0 1,616,573 D
Explanation of Responses:
1. Represents LTIP Units granted pursuant to an employment agreement dated as of December 27, 2024 between the reporting person and the Issuer, as amended by the first amendment thereto dated as of June 24, 2025, which LTIP Units vest in equal installments on each of January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment. This amount may be adjusted upwards by up to 200% at the conclusion of a three-year performance period ending December 31, 2027 based on the Issuer's achievement of certain operational performance metrics during such period.
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 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.
4. 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 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.
5. 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/ Marc Holliday 02/17/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Marc Holliday reported grants of LTIP Units. On February 12, 2026, he acquired three LTIP Unit awards totaling several hundred thousand units as part of equity compensation, with vesting and performance conditions tied to operational metrics and total shareholder returns.

How do Marc Holliday’s new LTIP Units at SL Green (SLG) vest?

The largest new LTIP grant vests over three years. 110,387 LTIP Units vest in equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, conditioned on continued employment and subject to possible upward adjustment based on performance through December 31, 2027.

What performance metrics affect Marc Holliday’s 2026 LTIP grant at SL Green?

Operational performance metrics drive potential LTIP increases. The 110,387 LTIP Units may be adjusted upwards by up to 200% after a three-year performance period ending December 31, 2027, based on SL Green Realty Corp.’s achievement of specified operational performance metrics during that period.

What are the 2023-origin LTIP Units reported by SL Green’s CEO?

They are performance-earned LTIP awards from 2023. Two blocks of 125,771 LTIP Units were originally issued in January 2023 and earned based on total stockholder return from January 1, 2023 to December 31, 2025 versus selected REIT peers and an office index, vesting fully on December 31, 2025.

What transfer and no-sell restrictions apply to SL Green (SLG) LTIP Units?

LTIP Units carry multi-year holding restrictions. The units and corresponding Common Units are generally subject to two- or three-year no-sell provisions, during which transfers and redemptions are restricted, unless earlier triggered by employment termination or a change in control of SL Green Realty Corp.

How can SL Green (SLG) LTIP Units ultimately be settled for value?

LTIP Units can convert into economic rights in common stock. Once vested and subject to tax and timing conditions, each LTIP Unit may convert into a Common Unit, which can then be redeemed for cash equal to common stock fair market value or, at the issuer’s election, one share of common stock.