SLG.NYSESl Green Realty CORP

Form 4: SL Green Realty Corp: CEO Marc Holliday Reports Transaction Involving LTIP Units

Sentiment:

SEC Form 4 Filing

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CEO Marc Holliday reports the acquisition and subsequent conversion and redemption of 30,000 LTIP Units for cash.

Summary

  • On September 30, 2024, Marc Holliday, the President and CEO of SL Green Realty Corp, reported a transaction involving Long-Term Incentive Plan (LTIP) Units.
  • Holliday acquired 30,000 LTIP Units pursuant to the issuer's equity-based compensatory programs.
  • These LTIP Units were then converted into Common Units of SL Green Operating Partnership, L.P.
  • The resulting Common Units were presented for redemption and redeemed for cash at a price of $70.85 per unit.
  • Following the reported transaction, Holliday beneficially owns 1,174,079 shares of common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment. It reflects standard corporate governance practices.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding the buying and selling of company securities by its executives and directors.

Stakeholder Impact

  • The transaction provides transparency to shareholders regarding executive compensation.

Key Dates

DateDescription
09/30/2024Date of transaction involving LTIP Units.
09/27/2024End date for calculating the average closing price of SL Green's Common Stock for cash redemption.
10/02/2024Date of signature for the SEC Form 4 filing.

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