Company: SLG-PI
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001104659-25-037534
Chunk: 54

Company: SL GREEN REALTY CORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 54
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 stock for the three-year performance period 
 ​                                                                                                                                      | ​ | ​ | +/- 12.5% | ​ | ​ | N/A           | ​ | ​ |           |   |   |        |   |   |         | ​ |

(1) Calculated as of December 31, 2024, assuming no reinvestment of dividends and that our performance continued through the full three-year performance period.

| ​ | As noted above, in connection with our CEO’s new employment agreement, annual goals no longer underpin our CEO’s performance-based equity awards.Starting with 2025, all performance-based equity awards to our CEO will be exclusively based on three-year performance goals. | ​ |

TABLE OF CONTENTS

| ​ | 56 | ​ | ​ | SL GREEN REALTY CORP. 2025 PROXY STATEMENT | ​ |

2024 Relative Component Performance Goals
(50% of Annual Equity Award) The relative component of our annual performance-based equity awards measures our performance against two peer sets over a three-year performance period . The relative component is weighted equally between our performance relative to Office REIT Peers and NYC REIT Peers. As of December 31, 2024, based on our one-year TSR relative to the Office REIT Peers and the NYC REIT Peers, our performance would have placed us at maximum performance for both portions of the relative component.

| Performance Criteria / Reason Selected                                                                                                                                                                                                                                                                                               | ​ | ​ | Weighting | ​ | ​ | Threshold(50%) | ​ | ​ | Target(100%) | ​ | ​ | Maximum(200%) | ​ |
| Relative TSR vs. Office REIT Peers﻿(1)                                                                                                                                                                                                                                                                                               
 •                                                                                                                                                                                                                                                                                                                                    
 A comparison of the returns of a hypothetical investor seeking exposure to office REITs as an asset class and reflects how we performed versus other companies in our sector                                                                                                                                                         
 ​                                                                                                                                                                                                                                                                                                                                    | ​ | ​ | 50%       | ​ | ​ |                |   |   |              |   |   |               | ​ |
| Relative TSR vs. NYC REIT Peers﻿(2)                                                                                                                                                                                                                                                                                                  
 •                                                                                                                                                                                                                                                                                                                                    
 A comparison of our performance against companies with office and/or retail commercial real estate portfolios concentrated in the New York City market, which we believe are most directly comparable to the Company due to the market dynamics of New York City that uniquely impact owners and operators of commercial real estate 
 ​                                                                                                                                                                                                                                                                                                                                    | ​ | ​ | 50%       |