other material
confidence high
sentiment neutral
materiality 0.20
SL Green amends EVP DiLiberto's bonus formula, capping at 250% of base salary
SL GREEN REALTY CORP
- Amendment effective Jan 30, 2024 modifies Matthew DiLiberto's annual bonus calculation.
- Bonus opportunity up to 250% of base salary; 60% formulaic based on Compensation Committee goals.
- Remaining 40% is non-formulaic, determined by Compensation Committee discretion (0-100% of that portion).
- Goals range from threshold (50% of base) to target (175%) to maximum (250%) with linear interpolation.
- Except for bonus change, all other terms of the March 2023 employment agreement remain unchanged.