DiLiberto Matthew J. 4
Research Summary
AI-generated summary
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.