Empire State Realty Trust: chairman and CEO Malkin Anthony E received 3,061,902 shares

What happened

• The Form 4 reports that Malkin Anthony E, chairman and CEO and a director, converted 3,061,902 vested LTIP Units into 3,061,902 shares of the issuer's Class A common stock on Oct 7, 2026. The acquired shares are reported with consideration $0.00. The filing also records a related derivative disposition for 3,061,902 shares (reported as N/A for price/value).

Key details

• Transaction date and price: Oct 7, 2026; acquired 3,061,902 shares at $0.00; related derivative disposition 3,061,902 shares at N/A.
• Shares owned after the transaction: not stated in the supplied filing.
• Relevant footnotes from the filing:
  • F1: The 3,061,902 vested LTIP Units were converted one-for-one into Operating Partnership Units, which were redeemed for an equal number of Class A shares.
  • F3: LTIP Units are convertible upon vesting into Operating Partnership Units redeemable one-for-one for Class A common stock or cash at the issuer's option; conversion and redemption rights have no expiration.
  • F4: The LTIP Units converted were fully vested.
  • F2: Reported beneficial ownership includes shares held by the reporting person's spouse and family trusts/entities; the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing date and reporting period: filed Oct 9, 2026; period of report Oct 7, 2026.

Why it may matter

• The transaction reflects conversion and redemption of vested long-term incentive plan units into shares, not a market purchase or a gift.
• The filing does not show why the insider traded or why the company acted.