HOLLIDAY MARC 4
4 · SL GREEN REALTY CORP · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
SL Green (SLG) CEO Marc Holliday Sells 92,025 Shares
What Happened Marc Holliday, President & CEO of SL Green Realty Corp. (SLG), had 92,025 LTIP-related units converted and redeemed for cash on June 24, 2026. The redemption price was $50.65 per share, yielding proceeds of approximately $4,661,066. This was a disposition to the issuer (a cash redemption of equity awards), not an open-market sale.
Key Details
- Transaction date: June 24, 2026; Price: $50.65 per share; Total: ~$4.66 million.
- Transaction type/code: D (Disposition to issuer); reported as a derivative-based disposition (LTIP Units → Common Units → redeemed for cash).
- Footnote summary: LTIP Units were first converted into Common Units and then redeemed for cash at a per-unit price based on the average closing price of SLG common stock for the 10 trading days ending June 23, 2026. The LTIP Units conversion/redemption mechanics and timing are governed by the partnership agreement; conversion/redemption rights generally do not expire and redemptions typically cannot be exercised until two years after grant.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Filing timeliness: Reported on Form 4 dated June 25, 2026 for a June 24, 2026 transaction — appears timely (not marked late).
Context This was a redemption of long-term incentive plan units (derivative/award settlement), not a conventional open-market sale. Such redemptions are common for executives monetizing vested equity awards and are procedural rather than a direct public-market signal of insider sentiment.
Insider Transaction Report
Form 4
HOLLIDAY MARC
DirectorPRESIDENT & CEO
Transactions
- Disposition to Issuer
LTIP Units
[F1][F2]2026-06-24$50.65/sh−92,025$4,661,066→ 1,524,548 total→ Common Stock (92,025 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 June 23, 2026.
Signature
/s/ Marc Holliday|2026-06-25