Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 83

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 83
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$(22,540)$14,042 Less: distributed earnings allocated to participating securities(1,243)(434)Net (loss) income attributable to SLGOP common unitholders (numerator for basic earnings per unit)$(23,783)$13,608 Add back: dilutive effect of earnings allocated to participating securities and contingently issuable shares— 434 (Loss) income attributable to SLGOP common unitholders (numerator for diluted earnings per unit)$(23,783)$14,042 Three Months Ended March 31,Denominator20252024Basic units:Weighted average common units outstanding74,527 68,767 Effect of Dilutive Securities:Stock-based compensation plans— 1,328 Diluted weighted average common units outstanding74,527 70,095 The Operating Partnership has excluded 2,159,695 and 135,000 common unit equivalents from the diluted units outstanding for the three months ended March 31, 2025 and 2024, respectively, as they were anti-dilutive.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)March 31, 2025(unaudited)

14. Share-based Compensation

We have share-based employee and director compensation plans. Our employees are compensated through the Operating Partnership. Under each plan, whenever the Company issues common or preferred stock, the Operating Partnership issues an equivalent number of units of limited partnership interest of a corresponding class to the Company.The Fifth Amended and Restated 2005 Stock Option and Incentive Plan, or the 2005 Plan, was approved by the Company's Board of Directors in April 2022 and its stockholders in June 2022 at the Company's annual meeting of stockholders. The 2005 Plan authorizes the issuance of stock options, stock appreciation rights, unrestricted and restricted stock, phantom shares, dividend equivalent rights, cash-based awards and other equity-based awards. Subject to adjustments upon certain corporate transactions or events, awards with respect to up to a maximum of 32,210,000 fungible units may be granted under the 2005 Plan. Currently, different types of awards count against the limit on the number of fungible units differently, with (1) full-value awards (i.e., those that deliver the full value of the award upon vesting, such as restricted stock) counting as 2.59 Fungible Units per share