secwatch.observer — SEC 8-K summary
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Issuer:     SL GREEN REALTY CORP (SLG)
CIK:        0001040971
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001104659-24-132903
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SL Green extends CEO Holliday to 2028; $1.4M salary, $10M casino bonus, $5M annual equity
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040971/000110465924132903/0001104659-24-132903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040971/000110465924132903/tm2432242d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-132903

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer