<SEC-DOCUMENT>0001629731-26-000004.txt : 20260217
<SEC-HEADER>0001629731-26-000004.hdr.sgml : 20260217
<ACCEPTANCE-DATETIME>20260217191420
ACCESSION NUMBER:		0001629731-26-000004
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260212
FILED AS OF DATE:		20260217
DATE AS OF CHANGE:		20260217

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DiLiberto Matthew J.
		CENTRAL INDEX KEY:			0001629731
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13199
		FILM NUMBER:		26644549

	MAIL ADDRESS:	
		STREET 1:		SL GREEN REALTY CORP.
		STREET 2:		1 VANDERBILT AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SL GREEN REALTY CORP
		CENTRAL INDEX KEY:			0001040971
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				133956775
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE VANDERBILT AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2125942700

	MAIL ADDRESS:	
		STREET 1:		ONE VANDERBILT AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
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<SEQUENCE>1
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            <rptOwnerName>DiLiberto Matthew J.</rptOwnerName>
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            <rptOwnerStreet1>C/O SL GREEN REALTY CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE VANDERBILT AVENUE - 28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
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            <isTenPercentOwner>false</isTenPercentOwner>
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    <footnotes>
        <footnote id="F1">Represents LTIP Units that vest in equal installments on each of January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment.</footnote>
        <footnote id="F2">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 &quot;Common Unit&quot;). 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.</footnote>
        <footnote id="F3">Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional three-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) three years after the grant date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.</footnote>
        <footnote id="F4">Represents LTIP Units originally issued in 2025 that were subject to performance-based vesting hurdles based on achievement of operational performance metrics for the year ended December 31, 2025, and which remain subject to additional performance-based vesting hurdles based on the Issuer's total shareholder return for the period from January 1, 2025 through December 31, 2027 (the &quot;TSR Performance Period&quot;). On February 12, 2026, the compensation committee of the Issuer determined the level of achievement of the operational performance-based vesting hurdles for these LTIP Units, resulting in 6,870 LTIP Units initially being earned, which amount will be adjusted upwards or downwards by up to 12.5% at the conclusion of the TSR Performance Period based on the Issuer's total shareholder return. The number of LTIP Units reported represents the maximum number of LTIP Units that may be earned based on the Issuer's total shareholder return during the TSR Performance Period.</footnote>
        <footnote id="F5">Earned LTIP Units will vest in equal installments on December 31, 2027, and December 31, 2028, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.</footnote>
        <footnote id="F6">Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to a group of New York City-centric publicly traded real estate investment trusts. The LTIP Units vested 50% on December 31, 2025 and the remaining 50% will vest on December 31, 2026, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.</footnote>
        <footnote id="F7">Represents LTIP Units originally issued in January 2023 that were earned based on the Issuer's total stockholder return during the period from January 1, 2023 through December 31, 2025, relative to the constituent companies of the Dow Jones US Real Estate Office Index at the start of such period that remained publicly traded at the conclusion of such period. The LTIP Units vested 50% on December 31, 2025 and the remaining 50% will vest on December 31, 2026, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.</footnote>
        <footnote id="F8">Class O LTIP Units are economically similar to stock options granted by the Issuer.</footnote>
        <footnote id="F9">The Class O LTIP Units, once vested, may be converted at the election of the holder into a number of Common Units determined by the increase in value of a share of the Issuer's Common Stock at the time of conversion over $40.49, which was the fair market value of a share of the Issuer's Common Stock at the time of grant pursuant to the SL Green Realty Corp. Sixth Amended and Restated 2005 Stock Option and Incentive Plan (the &quot;Plan&quot;).</footnote>
        <footnote id="F10">Each Common Unit acquired upon conversion of vested Class O LTIP Units 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. Class O LTIP Units and the Common Units into which they may be converted generally may not be disposed of without the consent of the Issuer until two years from the date of the grant of the Class O LTIP Units.</footnote>
        <footnote id="F11">One-third of the Class O LTIP Units will vest on each of January 1, 2027, January 1, 2028 and January 1, 2029, respectively, subject to the reporting person's continued employment through such dates. The rights to convert these Class O LTIP Units into Common Units have a maximum term of ten years. The rights to redeem Common Units do not have expiration dates.</footnote>
        <footnote id="F12">Represents the fair market value of a share of the Issuer's Common Stock at the time of grant, as determined pursuant to the Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Matthew J. DiLiberto</signatureName>
        <signatureDate>2026-02-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
