SL Green Realty Updates Marc Holliday's Compensation Terms, Tying Annual Awards to Performance

Reuters

06-25

SL Green Realty Updates Marc Holliday's Compensation Terms, Tying Annual Awards to Performance

On June 24, 2025, SL Green Realty Corp. announced amendments to the employment agreement with CEO Marc Holliday. The revised terms include adjustments to the $5,000,000 annual time-based award, clarifying that its ultimate value will be determined by the company's Compensation Committee based on performance, rather than being guaranteed. Additionally, the agreement specifies the alignment of payments to Mr. Holliday related to the property at 1515 Broadway, New York, with its conversion and projected profitability. The amendments also remove provisions for formulaic cash payments following a change in control, stating that any reduction in compensation under such circumstances would be considered "good reason" for Mr. Holliday under the agreement. These updates are detailed in the company's recent Form 8-K filing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SL Green Realty Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-062150), on June 24, 2025, and is solely responsible for the information contained therein.

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The revised terms include adjustments to the $5,000,000 annual time-based award, clarifying that its ultimate value will be determined by the company's Compensation Committee based on performance, rather than being guaranteed. Additionally, the agreement specifies the alignment of payments to Mr. Holliday related to the property at 1515 Broadway, New York, with its conversion and projected profitability. The amendments also remove provisions for formulaic cash payments following a change in control, stating that any reduction in compensation under such circumstances would be considered \"good reason\" for Mr. Holliday under the agreement. These updates are detailed in the company's recent Form 8-K filing.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SL Green Realty Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-062150), on June 24, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SLG","symbol_name":"SL Green Realty Corp","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250624:nNDL4g2cY4:1","article_id":"2546255811","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546255811","pubTimestamp":1750798685,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"On June 24, 2025, SL Green Realty Corp. announced amendments to the employment agreement with CEO Marc Holliday. 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