Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SLG | Stock Units | Disposed to Issuer | -$1.77M | -38.3K | -100% | $46.35 | 0 | Jul 1, 2024 | Common Stock | 38.3K | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | The Stock Units were granted pursuant to the deferred compensation agreements (the "Deferred Compensation Agreements"), dated September 3, 2010 and November 8, 2013, respectively, entered into between the reporting person and the Issuer. Each Stock Unit represents a contingent right to receive the value of one share of common stock of the Issuer. |
F2 | Pursuant to the terms of the Deferred Compensation Agreements, the reporting person became entitled to the settlement of the Stock Units in connection with the reporting person's departure as President of the Issuer, with the amount payable based on the average of the closing prices of the Issuer's Common Stock for the ten consecutive trading days ending on December 31, 2023. |
F3 | Pursuant to the terms of the Deferred Compensation Agreements, vested Stock Units are generally to be settled in cash based on the value of the Issuer's Common Stock, calculated in accordance with the terms of the Deferred Compensation Agreements, on the earlier of the termination of the reporting person's employment or the effective date of a Change-in-Control (as defined in the Deferred Compensation Agreements). |
See Exhibit 24 - Power of Attorney.