DiLiberto Matthew J. 4
4 · SL GREEN REALTY CORP · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
SL Green (SLG) CFO Matthew DiLiberto Sells 19,000 Shares
What Happened
Matthew J. DiLiberto, Chief Financial Officer of SL Green Realty Corp. (SLG), disposed of 19,000 shares on May 4, 2026. The shares were the cash redemption of LTIP-derived units (a derivative/compensatory transaction) at $42.89 per share, for total proceeds of $814,910. This was a disposition to the issuer (redemption) rather than an open-market sale.
Key Details
- Transaction date: 2026-05-04; Filing date: 2026-05-06 (filed within the usual two-business-day Form 4 window).
- Price and value: 19,000 shares × $42.89 = $814,910.
- Transaction type: Derivative disposition (LTIP Units converted into Common Units and redeemed for cash).
- Footnote summary: LTIP Units were converted to Common Units and presented for redemption; redemption price was based on the average closing price of SLG common stock for the 10 trading days ending May 1, 2026. LTIP Units are equity-based awards subject to vesting and conversion/redemption rules.
- Shares owned after transaction: Not specified in the information provided in this summary—see the full Form 4 for post-transaction holdings.
Context
This was a compensatory-unit redemption (derivative disposition) under the company’s LTIP structure, not an open-market sale. Such redemptions are common for converting vested compensation units into cash and do not by themselves indicate management’s view of the stock’s near-term prospects.
Insider Transaction Report
- Disposition to Issuer
LTIP Units
[F1][F2]2026-05-04$42.89/sh−19,000$814,910→ 302,421 total→ Common Stock (19,000 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 May 1, 2026.