Form 4: SL Green Realty Corp Director Acquires Phantom Stock Units

Peggy Lamb, a director of SL Green Realty Corp, acquired 4,083.406 phantom stock units convertible to common stock on March 29, 2025.

Summary

• On March 29, 2025, Peggy Lamb, a director of SL Green Realty Corp, acquired 4,083.406 phantom stock units.
• These phantom stock units are convertible to common stock on a 1-for-1 basis.
• The units become payable in common stock (or in certain cases cash) upon the earlier of the director ceasing to be a director or their death, or a change of control of the issuer, to the extent vested.
• The reporting person has been permitted to elect to receive distributions in the form of installment payments, and may be permitted to receive distributions for certain unforeseeable emergencies.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock ownership, so the sentiment is neutral.

Future Outlook

The phantom stock units will convert to common stock or cash upon certain future events, as outlined in the governing documents.

Industry Context

This is a standard Form 4 filing, reflecting a change in beneficial ownership by a company insider. It's common for directors to receive stock-based compensation.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the potential future dilution from the conversion of phantom stock units to common stock.

Key Dates

Keywords

SL Green Realty Corp, Peggy Lamb, phantom stock units, director, acquisition, SLG, Form 4