Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 102

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 102
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 Black-Scholes option pricing model based on historical information with the following weighted average assumptions for grants during the six months ended June 30, 2025 and the year ended December 31, 2024.June 30, 2025December 31, 2024Dividend yieldnone5.5 %Expected lifezero7.5 yearsRisk-free interest ratenone4.45 %Expected stock price volatilitynone45.0 %

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)June 30, 2025(unaudited)

A summary of the status of the Company's stock options as of June 30, 2025 and December 31, 2024, and changes during the six months ended June 30, 2025 and year ended December 31, 2024 are as follows:June 30, 2025December 31, 2024Options OutstandingWeighted AverageExercise PriceOptions OutstandingWeighted AverageExercise PriceBalance at beginning of period333,897 $81.63 115,980 $103.52 Granted— — 217,917 68.07 Lapsed or canceled— — — — Balance at end of period333,897 $81.63 333,897 $81.63 Options exercisable at end of period115,980 $103.52 115,980 $103.52 The remaining weighted average contractual life of the options outstanding was 6.4 years and the remaining average contractual life of the options exercisable was 1.5 years.During the three and six months ended June 30, 2025, we recognized $0.4 million and $0.8 million compensation expense related to options. As of June 30, 2025, there was $3.7 million unrecognized compensation cost related to unvested stock options.Restricted SharesShares may be granted to certain employees, including our executives, and vesting occurs upon the completion of a service period or our meeting established financial performance criteria. Vesting occurs at rates ranging from 15% to 35% once performance criteria are reached.A summary of the Company's restricted stock as of June 30, 2025 and December 31, 2024 and changes during the six months ended June 30, 2025 and the year ended December 31, 202