Form 4: SL Green Realty Corp Director Reports Conversion of Phantom Stock Units

John H. Alschuler Jr., a director at SL Green Realty Corp, reported the conversion of phantom stock units into other securities held in an alternative investment account.

Summary

• On March 1, 2024, John H. Alschuler Jr., a director of SL Green Realty Corp, filed a Form 4.
• The form details a transaction involving phantom stock units.
• Alschuler converted 4,125.413 phantom stock units into other securities held in an alternative investment account.
• The conversion price was $48.48 per unit.
• Following the transaction, Alschuler directly owns 19,785.564 shares of common stock.
• The phantom stock units become payable in common stock (or in certain cases in cash) upon the earlier of the director ceasing to be a director or a change of control of the issuer.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates