SL Green (SLG) CEO Marc Holliday Redeems 92,025 Shares for $5.05M

What Happened

• Marc Holliday, Chief Executive Officer of SL Green Realty Corp. (SLG), disposed of 92,025 shares on September 11, 2026. The shares were redeemed by the issuer (a disposition following conversion of LTIP units) at $54.85 per share for a total cash value of $5,047,571. This is a redemption of equity-based compensation units rather than an open-market sale.

Key Details

• Transaction date and price: 2026-09-11, 92,025 shares at $54.85 each (total $5,047,571).
• Transaction type: Disposition to issuer of shares that resulted from conversion of LTIP (long-term incentive plan) units into common units and immediate redemption for cash.
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Footnotes of note:
  • F1: LTIP Units are equity awards that can be converted into common units (Common Units) and those Common Units may be redeemed for cash (or, at the issuer’s option, one share of common stock). Redemption rights generally cannot be exercised until two years from grant.
  • F2: The LTIP Units were converted to Common Units and those Common Units were redeemed for cash at a per-unit price based on the average closing price of the issuer’s common stock for the 10 trading days ending Sept 10, 2026 (resulting in the $54.85 per-share price).
• Timeliness: Filing was submitted on 2026-09-28 for a transaction dated 2026-09-11 (reported late).

Context

• This was not an open-market sale but a cash redemption of equity compensation (derivative-related disposition). Such redemptions are common when long-term incentive units vest/convert and are settled in cash; they do not necessarily signal the insider’s short-term outlook on the stock.