SL Green Realty Corp. Announces Director Changes

TL;DR

SL Green board shakeup: Steven Green out, Mark Levy in. Watch this.

AI Summary

SL Green Realty Corp. announced on August 13, 2025, the departure of director Steven R. Green and the election of new director Mark J. Levy. The company also reported on compensatory arrangements for certain officers. This filing is an 8-K, indicating a significant event for the real estate investment trust.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, which is important for investors to monitor.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate governance changes and officer compensation, not immediate financial distress or major operational shifts.

Key Players & Entities

• SL Green Realty Corp. (company) — Filer
• Steven R. Green (person) — Departing Director
• Mark J. Levy (person) — Newly Elected Director
• SL Green Operating Partnership, L.P. (company) — Related Entity

FAQ

Key Financial Figures

• $0.01 — reen Realty Corp. SLG Common Stock, $0.01 par value New York Stock Exchange S
• $600,000 — the Change-in-Control. Base Salary: $600,000 per year. Annual Bonus: Opportunity
• $1,450,000 — arget performance will not be less than $1,450,000. Each award will provide for full accel

Filing Documents

• tm2523493d1_8k.htm (8-K) — 57KB
• tm2523493d1_ex10-1.htm (EX-10.1) — 156KB
• 0001104659-25-079259.txt ( ) — 479KB
• slg-20250813.xsd (EX-101.SCH) — 4KB
• slg-20250813_def.xml (EX-101.DEF) — 28KB
• slg-20250813_lab.xml (EX-101.LAB) — 37KB
• slg-20250813_pre.xml (EX-101.PRE) — 26KB
• tm2523493d1_8k_htm.xml (XML) — 9KB

02. Departure of Directors or Certain Officers; Election

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Extension of Andrew S. Levine as Chief Legal Officer and General Counsel On August 13, 2025, Andrew S. Levine and SL Green Realty Corp. (the "Company") agreed to extend Mr. Levine's term as Chief Legal Officer and General Counsel for an additional three years through January 1, 2028. The effective date of the new agreement is January 1, 2025. The following summarizes the material terms of the new agreement entered into by the Company and Mr. Levine in connection with this extension: Term: Three years (1/1/25 — 1/1/28). In the event that a Change-in-Control occurs within 18 months prior to the scheduled expiration of the term, Mr. Levine may extend the term until the date that is 18 months after the Change-in-Control. Base Salary: $600,000 per year. Annual Bonus: Opportunity to earn 50-150% of base salary upon the achievement of specific goals established in advance by the Compensation Committee of the Company (the "Compensation Committee"), plus the opportunity to earn an additional amount equal to the amount earned on a formulaic basis upon the achievement of such specific goals, to be determined by the Compensation Committee in its discretion, resulting in a maximum bonus opportunity of up to 300% of base salary. Annual Time-Based Awards: Beginning in 2025, Mr. Levine will be eligible to receive an annual award of time-based LTIP units based on the Company's performance during the prior year, with an equal amount of each award vesting on each January 1 st following such award during the remainder of the term of the employment agreement (i.e., awards made in January 2025, 2026 and 2027 will vest over approximately three years, two years and one year, respectively). The value of the award each year will be determined by the Compensation Committee based on its evaluation of Mr. Levine's perfo

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibits 10.1 Amended and Restated Employment and Noncompetition Agreement, dated as of August 13, 2025, by and between SL Green Realty Corp. and Andrew Levine. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SL GREEN REALTY CORP. By: /s/ Andrew S. Levine Name: Andrew S. Levine Title: Executive Vice President, Chief Legal Officer and General Counsel SL GREEN OPERATING PARTNERSHIP, L.P. By: SL GREEN REALTY CORP., its general partner By: /s/ Andrew S. Levine Name: Andrew S. Levine Title: Executive Vice President, Chief Legal Officer and General Counsel Date: August 15, 2025

View Full Filing

View this 8-K filing on SEC EDGAR