leadership
confidence high
sentiment neutral
materiality 0.60
SL Green Realty Corp. amends CEO Marc Holliday's employment agreement on equity awards and change-in-control terms
SL GREEN REALTY CORP
- Amendment clarifies $5M annual time-based award is not guaranteed, value determined by Compensation Committee based on performance
- Aligns Mr. Holliday's bonus at 1515 Broadway property with conversion and projected profitability, with $10M cash or LTIP units
- Eliminates provisions for formulaic cash payments after change in control; diminution in compensation now constitutes good reason
- Amendment effective retroactively to January 18, 2025
item 5.02item 9.01