Company: SLG-PI
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001104659-25-037534
Chunk: 48

Company: SL GREEN REALTY CORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 48
---
                 | $ |   555,556 | ​ | ​ | ​ | ​          | $ | 1,812,500 | ​ | ​ | ​ | ​     | $ |  2,368,056 | ​ | ​ |

The annual performance-based award that we granted to Mr. Holliday was equal to the target amount set forth in his prior employment agreement. Earned performance-based LTIP units will vest 100% for Mr. Holliday on December 31, 2026. The time-based LTIP units granted to Messrs. Holliday and Levine vest ratably over three years on January 1 st of each year following the grant date and on January 1, 2026, for Mr. DiLiberto, subject in each case to continued employment. The shorter vesting periods for the time-based LTIP units granted to Mr. DiLiberto aligns with the expiration of his employment agreement.

| ​ | The Committee granted annual time-based equity awards to our executives above the target amounts set forth in their respective employment agreements due to our extraordinary, sector-leading TSR in both 2024 and 2023, which resulted in TSR performance of approximately 135% over that period. In the case of Mr. Holliday, the Committee also considered his expanded role as Interim President during 2024 when awarding an above-target amount. | ​ |

Our employment agreements with Messrs. DiLiberto and Levine in effect for 2024 did not provide for target annual performance-based equity grants, but both participate, at the Committee’s discretion, in our annual long-term performance-based equity program. Earned performance-based LTIP units granted for 2024 will vest 50% on each of December 31, 2026 and December 31, 2027, for Messrs. DiLiberto and Levine. NEW BUSINESS INCENTIVES In connection with entering into his new employment agreement, Mr. Holliday received two incentives linked directly to the profit targets of new lines of business. The purpose of these incentives is to motivate and reward the CEO to maximize growth in strategic new business through a transparent structure based on pre-set financial goals aligned with long-term stockholder value creation.

TABLE OF CONTENTS

| ​ | EXECUTIVE COMPENSATION | ​ | ​ | 51 | ​ |

Casino Incentive : Mr. Holliday is eligible to receive a cash incentive of $10.0 million ONLY IF (i) the building at 1515 Broadway, New