leadership
confidence high
sentiment positive
materiality 0.80
SL Green extends CEO Holliday to 2028; $1.4M salary, $10M casino bonus, $5M annual equity
SL GREEN REALTY CORP
- Term extended to July 18, 2028, with automatic one-year renewals; base salary $1.4M/year.
- Annual cash bonus target 200% of salary, up to 400%; time-based LTIP units of at least $5M annually.
- Performance-based LTIP units with target $5M annually; relative and absolute TSR hurdles.
- One-time $10M casino bonus if 1515 Broadway becomes hotel/casino and meets EBITDA milestone.
- Grant of 217,917 Class O LTIP units (~$4.5M) with performance hurdle of $100 stock price and time vesting.