Form 4: SL Green CFO Matthew DiLiberto Reports Transaction in Company's Equity

Matthew J. DiLiberto, CFO of SL Green Realty Corp, reports a transaction involving LTIP Units and subsequent redemption for cash.

Summary

• On March 29, 2024, Matthew J. DiLiberto, the Chief Financial Officer of SL Green Realty Corp, reported a transaction involving the company's equity.
• The transaction involved LTIP Units issued pursuant to the Issuer's equity based compensatory programs.
• 22,000 LTIP Units were converted into Common Units and subsequently redeemed for cash.
• The price per Common Unit was based on the average closing prices of SL Green's Common Stock for the ten consecutive trading days ending on March 28, 2024, at $52.59.
• Following the reported transaction, DiLiberto beneficially owns 205,484 securities.
• The reporting person directly owns the securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of a transaction by a company insider, providing transparency to the market regarding their holdings and transactions in the company's securities. It is common for executives to receive and transact in equity-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• Equity-based compensation, such as LTIP units, is a common practice in the real estate industry to align management's interests with those of shareholders.
• The terms of the LTIP units, including the conversion and redemption rights, are typical for such compensation plans.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider transactions.
• The redemption of LTIP units for cash may have a minor impact on the company's cash flow.

Key Dates