GILBERT STEVEN J 4

What Happened

• Steven J. Gilbert, a director of Empire State Realty Trust, received two grants of long-term incentive plan units (LTIP Units) on 2026-05-15: 23,856 LTIP Units and 19,236 LTIP Units, for a total of 43,092 units. Each grant was reported as an award (code A) at $0.00 per unit and is a derivative award rather than a cash purchase.
• These LTIP Units can convert (upon vesting and subject to tax allocation conditions) into Operating Partnership Units, which are redeemable one-for-one for Class A common shares of Empire State Realty Trust, Inc. (or for cash at the issuer’s option). The conversion rights have no expiration date.

Key Details

• Transaction date: 2026-05-15; Filing date: 2026-05-19 (filed late — 4 days after transaction).
• Grant amounts/prices: 23,856 LTIP Units @ $0.00 and 19,236 LTIP Units @ $0.00 (total 43,092 LTIP Units).
• Shares owned after transaction: Not specified in the filing.
• Vesting/holding: One grant vests ratably over the first four anniversaries of the grant date (plus a two‑year additional holding period); the other vests ratably over the first three anniversaries and was issued in lieu of the director’s cash retainer (also subject to a two‑year holding period).
• Filing note: Exhibit 24 (Power of Attorney) attached.

Context

• These are awards under the Empire State Realty Trust, Inc. 2026 Equity Incentive Plan and represent derivative compensation, not an open‑market purchase or sale. Derivative awards like LTIP Units typically convert into partnership units and then into common shares over time as they vest.
• Because this is a grant (not a purchase or sale), it should not be read as an immediate market sentiment signal; vesting and holding restrictions mean the units convert to equity only over future periods.