LEVINE ANDREW S 4

What Happened
Andrew S. Levine, Chief Legal Officer & General Counsel of SL Green Realty Corp (SLG), recorded a disposition to the issuer on 2026-01-30 of 10,830 shares at $46.17 per share, yielding $500,021. The transaction is reported as a derivative-related disposition tied to long‑term incentive plan (LTIP) units rather than an open‑market sale.

Key Details

• Transaction date: January 30, 2026
• Transaction type/code: Disposition to the issuer (D) — derivative (LTIP unit conversion and redemption)
• Price and amount: 10,830 shares at $46.17/share for total proceeds of $500,021
• Shares owned after transaction: Not specified in the provided excerpt of the filing (check the full Form 4 for holdings)
• Footnotes:
  • F1: Shares originated as LTIP Units that vest and can be converted by the holder into Common Units of SL Green Operating Partnership, L.P.; Common Units can then be redeemed for cash equal to fair market value of a share, or converted to shares at the issuer’s election. Redemption rights generally cannot be exercised until two years after grant.
  • F2: Per the partnership agreement, the LTIP Units were converted to Common Units and those Common Units were redeemed for cash; redemption price was based on the average closing price of SLG shares for the 10 trading days ending Jan 29, 2026.
• Filing date: Form 4 filed Feb 3, 2026 for a Jan 30, 2026 transaction — verify the full filing for any timeliness flag.

Context
This was a cash redemption of incentive units (a derivative/compensation-related transaction), not a market sale. Such redemptions commonly reflect compensation plan mechanics (conversion and issuer redemption) rather than an executive’s open‑market decision. The filing provides transaction details and the governing footnotes; it does not by itself explain management intent.