MALKIN ANTHONY E 4

What Happened

• Anthony E. Malkin, Chairman, CEO and a director of Empire State Realty Trust, Inc. (ESRT), was granted 499,603 long‑term incentive plan units ("LTIP Units") on 2026-02-03. The award is reported at $0.00 (an equity award/derivative, transaction code A).
• These LTIP Units can convert, upon vesting and subject to tax allocation conditions, into Operating Partnership Units and are redeemable one‑for‑one for ESRT Class A common shares (or for cash at the issuer’s option). The conversion/redemption rights have no expiration.

Key Details

• Transaction date and type: 2026-02-03 — Grant/Award of 499,603 LTIP Units @ $0.00 (derivative award).
• Vesting: These LTIP Units were earned based on ESRT’s performance over the three‑year period ending 12/31/2025; 50% vested as of 01/01/2026 and the remaining 50% vests on 12/31/2026 subject to continued employment (per filing footnotes).
• Shares owned after transaction: Not disclosed in the provided filing extract.
• Filing: Reported on Form 4 with period of report 2026-02-03 and filed 2026-02-05. No late filing flag indicated in the summary provided.
• Footnote highlights: LTIP Units are a derivative class of Operating Partnership equity granted under ESRT’s 2019 Equity Incentive Plan; conversion to partnership units and redemption into shares is possible once vested.

Context

• This was an equity compensation award tied to multi‑year performance, not an open‑market buy or sale. Such awards reflect compensation and incentive alignment rather than immediate insider buying or selling pressure. The award’s economic value will depend on future vesting, potential conversion, and ESRT’s stock price at redemption.