Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 105

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 105
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 of Directors adopted the 2008 Employee Stock Purchase Plan, or ESPP, to provide equity-based incentives to eligible employees. The ESPP is intended to qualify as an "employee stock purchase plan" under Section 423 of the Code, and has been adopted by the board to enable our eligible employees to purchase the Company's shares of common stock through payroll deductions. The ESPP became effective on January 1, 2008 with a maximum of 500,000 shares of the common stock available for issuance, subject to adjustment upon a merger, reorganization, stock split or other similar corporate change. The Company filed a registration statement on Form S-8 with the SEC with respect to the ESPP. The common stock is offered for purchase through a series of successive offering periods. Each offering period will be three months in duration and will begin on the first day of each calendar quarter, with the first offering period having commenced on January 1, 2008. The ESPP provides for eligible employees to purchase the common stock at a purchase price equal to 85% of the lesser of (1) the market value of the common stock on the first day of the offering period or (2) the market value of the common stock on the last day of the offering period. The ESPP was approved by our stockholders at our 2008 annual meeting of stockholders. As of June 30, 2025, 256,621 shares of our common stock had been issued under the ESPP. 

15. Accumulated Other Comprehensive Income

The following tables set forth the changes in accumulated other comprehensive income by component as of June 30, 2025 (in thousands):Net unrealized gain (loss) on derivative instruments (1)SL Green’s share of joint venture net unrealized loss on derivativeinstruments (2)Net unrealized (loss) gain on marketable securitiesTotalBalance at December 31, 2024$29,330 $(9,868)$(1,266)$18,196 Other comprehensive (loss) income before reclassifications(14,378)(8,487)932 (21,933)Amounts reclassified from accumulated other comprehensive (loss) income(10,860)(1,727)— (12,587)Balance at June 30, 2025$4,092 $(20,082)$(334)$(16,324)(1)Amount reclassified from accumulated other comprehensive (loss) income is included in interest expense in the respective