leadership
confidence high
sentiment positive
materiality 0.55
SL Green extends CEO Marc Holliday's contract through Jan 2025; new base salary $1.25M
SL GREEN REALTY CORP
- CEO Marc Holliday extended for 3 years (Jan 2022 to Jan 2025); base salary $1.25M, target time-based LTIP at least $4.5M annually.
- President Andrew Mathias extended for 2 years (Jan 2022 to Dec 2023); base salary $950k, target time-based LTIP at least $3.5M annually.
- General Counsel Andrew Levine extended for 3 years (Jan 2022 to Jan 2025); base salary $580k, target time-based LTIP at least $1.3M annually.
- New performance-based LTIP for Holliday and Mathias tied 50% to one-year operating results (modified by 3-year TSR) and 50% to relative 3-year TSR.
- Severance multipliers increased: Holliday gets 2x salary/bonus/equity (3x in change-of-control), Mathias 1.5x (2.5x), Levine 1x (2x).