Form 4: SL Green Director Sells Phantom Stock Units

SL Green Realty Corp. Director John H. Alschuler Jr. reported the cash settlement of phantom stock units totaling 6,648.932 units across two transactions in early January 2026.

Summary

• John H. Alschuler Jr., a Director of SL Green Realty Corp., reported changes in his beneficial ownership of the company's securities.
• On January 5, 2026, 5,004.259 Phantom Stock Units were disposed of at a price of $46.96 per unit.
• On January 9, 2026, an additional 1,644.673 Phantom Stock Units were disposed of at a price of $45.87 per unit.
• These dispositions represent the settlement of Phantom Stock Units in cash.
• Phantom Stock Units convert to Common Stock on a 1-for-1 basis and become payable upon certain events, such as ceasing to be a director, death, or a change of control.
• Following these transactions, John H. Alschuler Jr. beneficially owns 14,851.55 Phantom Stock Units.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the cash settlement of phantom stock units, which is a neutral event without explicit positive or negative implications for the company's operational or financial performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The cash settlement of these phantom stock units means they will not convert to common stock, thus avoiding potential future dilution from these specific units. However, it also indicates a director monetizing a portion of their vested compensation.

Key Dates

Keywords

SL Green Realty Corp, SLG, Form 4, Insider Transaction, Phantom Stock Units, Director, Beneficial Ownership