LEVINE ANDREW S 4

What Happened

• Andrew S. Levine, Chief Legal Officer & General Counsel of SL Green Realty Corp. (SLG), was granted four equity awards on February 12, 2026 totaling 74,688 LTIP units (derivative awards). Each grant was reported at $0.00 per unit (derivative equity award), so no cash changed hands in the filing. These are awards (not open-market purchases or sales) and reflect compensation, not an outright stock purchase.

Key Details

• Transaction date: February 12, 2026; Filing date: February 17, 2026 (filed one business day late — filing timeliness: L).
• Grants reported: 32,012; 9,316; 9,316; and 24,044 LTIP units — total 74,688 units — reported at $0.00 (derivative).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes from the filing:
  • Some units are annual time‑based awards that vest in equal installments on Jan 1, 2027 and Jan 1, 2028 (F1).
  • LTIP units convert (at holder’s election) into partnership Common Units that can be redeemed for cash equal to the fair market value of a share or, at the issuer’s option, be exchanged for one share (F2); redemption generally cannot be exercised until two years after the grant.
  • Additional no‑sell/restriction periods apply: certain LTIP/Common Units are subject to a three‑year no‑sell provision (F3), while other performance‑based LTIP Units issued in Jan 2023 vested 50% on Dec 31, 2025 with the remaining 50% vesting on Dec 31, 2026 and carry a one‑year no‑sell restriction after vesting (F4, F5).

Context

• These are compensatory LTIP (long‑term incentive plan) units, common for executives as part of pay packages; they are derivatives that may convert to partnership/Common Units and ultimately be redeemed for cash or exchanged for shares per the plan terms. Such awards are routine compensation disclosures and do not, by themselves, indicate buying or selling intent in the open market.