HOLLIDAY MARC 4
4 · SL GREEN REALTY CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
SL Green (SLG) CEO Marc Holliday Sells 63,036 Shares
What Happened Marc Holliday, President & CEO and a director of SL Green Realty Corp. (SLG), disposed of 63,036 shares on January 30, 2026. The shares were redeemed to the issuer at $46.17 per share for a total cash value of $2,910,372. This disposition resulted from a conversion/redemption of LTIP (long-term incentive plan) units rather than an open-market sale.
Key Details
- Transaction date: 2026-01-30; price: $46.17 per share; total proceeds: $2,910,372.
- Transaction type: Disposition to issuer (derivative-related redemption of LTIP/Common Units).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: LTIP Units were converted into Common Units and those Common Units were presented for redemption; the issuer redeemed the Common Units for cash at a per-unit price based on the 10-day average closing price ending Jan 29, 2026 (see F1 & F2).
- Filing timeliness: Report filed 2026-02-03 for a 2026-01-30 transaction — filed within the required business-day window (timely).
Context
- This was a compensation-related redemption (LTIP conversion and cash-out), not an open-market sale. Such redemptions often reflect routine vesting/settlement of equity awards rather than immediate trading sentiment.
- For retail investors: derivative/award conversions and issuer redemptions are common ways insiders realize compensation value; they are factual disclosures of cash received, not direct indicators of management’s view of the stock price.
Insider Transaction Report
Form 4
HOLLIDAY MARC
DirectorPRESIDENT & CEO
Transactions
- Disposition to Issuer
LTIP Units
[F1][F2]2026-01-30$46.17/sh−63,036$2,910,372→ 1,254,644 total→ Common Stock (63,036 underlying)
Footnotes (2)
- [F1]Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The redemption right generally cannot be exercised until two years from the date of the grant. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.
- [F2]In accordance with the terms of the First Amended and Restated Agreement of Limited Partnership of SL Green Operating Partnership, L.P., as amended (the "Partnership Agreement"), each LTIP Unit was converted into a Common Unit, and each resulting Common Unit was presented for redemption. At the election of the Issuer and in accordance with the terms of the Partnership Agreement, the Common Units presented for redemption were redeemed for cash, at a price per Common Unit based on the average of the closing prices of the Issuer's Common Stock for the ten consecutive trading days ending on January 29, 2026.
Signature
/s/ Marc Holliday|2026-02-03