HOLLIDAY MARC 4

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.