DiLiberto Matthew J. 4
4 · SL GREEN REALTY CORP · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
SL Green (SLG) CFO Matthew DiLiberto Redeems 18,735 Units for $948,928
What Happened Matthew J. DiLiberto, Chief Financial Officer of SL Green Realty Corp., disposed of 18,735 LTIP-derived units on June 24, 2026 that were redeemed by the issuer for cash at $50.65 per unit, resulting in proceeds of approximately $948,928. This was a derivative disposition (conversion of LTIP Units to Common Units followed by redemption) rather than an open-market sale.
Key Details
- Transaction date: June 24, 2026; Filing date: June 25, 2026 (Form 4) — timely filing.
- Transaction type/code: Disposition to issuer (D); derivative transaction (LTIP Units → Common Units → redeemed for cash).
- Price and proceeds: $50.65 per unit; total proceeds ~$948,928.
- Shares owned after transaction: Not specified in the provided filing details.
- Relevant footnotes: F1/F2 — LTIP Units are equity awards that can be converted into Common Units and, per the partnership agreement, those Common Units were presented for redemption and redeemed for cash based on the average closing price of SLG common stock for the 10 trading days ending June 23, 2026.
- No indication of a 10b5-1 plan, gift, tax withholding, or late filing in the disclosed information.
Context This was a compensation-related conversion and issuer redemption of long-term incentive plan units; such redemptions are commonly routine monetizations of equity awards and do not necessarily signal personal trading decisions in the open market. The transaction treated the LTIP units as derivative awards that were converted and cashed out rather than exercised and sold on the exchange.
Insider Transaction Report
- Disposition to Issuer
LTIP Units
[F1][F2]2026-06-24$50.65/sh−18,735$948,928→ 283,686 total→ Common Stock (18,735 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 June 23, 2026.