Company: SLG-PI
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001104659-25-037534
Chunk: 99

Company: SL GREEN REALTY CORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 99
---
 March 31, 2025, the latest practical date prior to the date hereof, our common stock was $57.70 per share. In addition, as of March 31, 2025, the number of securities to be issued upon the exercise of outstanding options, warrants and unvested full value awards for which we have reserved shares under our Fifth Amended 2005 Plan is equal to 2,680,549, which consists of (i) 352,917 shares of common stock issuable upon the exercise of outstanding options, which amount includes Class O LTIP units (135,000 of which options and Class O LTIP units are vested and exercisable), (ii) 1,245,724 unvested shares of restricted common stock and unvested LTIP units that, upon the satisfaction of certain conditions, are convertible into common units, which may be presented to us for redemption and acquired by us for shares of our common stock and (iii) 1,081,908 shares of common stock reserved in connection with LTIP units that could be earned, subject to performance-based vesting. No awards other than the foregoing were outstanding as of March 31, 2025, under any of our existing or prior equity compensation plans, except for vested full value awards (phantom stock units and vested LTIP units that have not yet been settled for shares of common stock). BURN RATE The following table sets forth information regarding historical awards granted and earned for the 2022 through 2024 period, and the corresponding burn rate, which is defined as the number of shares subject to stock awards granted (or, for awards subject to performance based vesting, earned) in a fiscal year divided by the weighted average common shares outstanding for that fiscal year, for each of the last three fiscal years:

| ​                                                                                  | ​ | ​ | 2024 |   |            |   | ​ | ​ | 2023 |   |            |   | ​ | ​ | 2022 |   |            |   | ​ |
| Stock options granted(1)                                                           | ​ | ​ |    ​ | ​ |          0 | ​ | ​ | ​ |    ​ | ​ |          0 | ​ | ​ | ​ |    ​ | ​ |          0 | ​ | ​ |
| Time-based full-value shares and units granted(2)                                  | ​ | ​ |    ​ | ​ |    981,204 | ​ | ​ | ​ |