secwatch.observer — SEC 8-K summary
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Issuer:     SL GREEN REALTY CORP (SLG)
CIK:        0001040971
Form:       8-K
Filed at:   2025-06-24T23:59:59+00:00
Accession:  0001104659-25-062150
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud

SL Green Realty Corp. amends CEO Marc Holliday's employment agreement on equity awards and change-in-control terms
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040971/000110465925062150/0001104659-25-062150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040971/000110465925062150/tm2518812d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-062150

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