Form 4: SL Green Realty Corp Director Reports Phantom Stock Unit Transactions

Director John H. Alschuler Jr. reports transactions involving phantom stock units of SL Green Realty Corp, including settlement and adjustments to holdings.

Summary

• John H. Alschuler Jr., a director at SL Green Realty Corp, reported transactions involving phantom stock units.
• On January 23, 2024, 1,644.673 phantom stock units were settled in cash at a price of $46.61 per unit.
• On January 29, 2025, 1,644.673 phantom stock units were settled in cash at a price of $67.92 per unit.
• The director's holdings of phantom stock units decreased from 18,140.891 to 16,496.218 after these transactions.
• Each phantom stock unit is equivalent to one share of SL Green Realty Corp's common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions, which is neither positive nor negative in itself.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like SL Green Realty Corp. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting of phantom stock unit transactions is consistent with regulations for equity-based compensation.
• Similar filings can be seen from directors and officers of other REITs such as Boston Properties (BXP) and Vornado Realty Trust (VNO).

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the settlement of existing phantom stock units, not new issuances.

Key Dates

Keywords

phantom stock units, SL Green Realty Corp, director, insider trading, Form 4, stock settlement