4//SEC Filing
Keltner Thomas N. 4
Accession 0001541401-21-000016
CIK 0001541401other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 11:34 AM ET
Size
8.9 KB
Accession
0001541401-21-000016
Insider Transaction Report
Form 4
Keltner Thomas N.
See Remarks
Transactions
- Award
LTIP Units
2021-03-15+35,247→ 365,855 total→ Class A Common Stock (35,247 underlying) - Award
LTIP Units
2021-03-15+47,554→ 330,608 total→ Class A Common Stock (47,554 underlying)
Footnotes (3)
- [F1]These represent long term incentive plan units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"). Conditioned upon sufficient allocations to the capital accounts of the LTIP Units for federal income tax purposes, LTIP Units are convertible by the reporting person, upon vesting, into an equivalent number of units of limited partnership interests ("Operating Partnership Units") of the Operating Partnership, which are redeemable by the holder for shares of Class A Common Stock of Empire State Realty Trust, Inc. (the "Issuer") on a one-for-one basis or the cash value of such shares, at the Issuer's option. The rights to convert LTIP units into Operating Partnership Units and redeem Operating Partnership Units do not have expiration dates.
- [F2]These LTIP Units vest 25% ratably on each of the first four anniversaries of January 1, 2021, subject to continued employment through such dates. Each of the LTIP Units is subject to a holding period for an additional two years following the applicable vesting date of such LTIP Unit.
- [F3]These LTIP Units vest ratably on each of the first three anniversaries of January 1, 2021, subject to continued employment through such dates, and are issued in connection with the Reporting Person's election to receive LTIP Units in lieu of his 2020 cash annual incentive bonus. Each of the LTIP Units is subject to a holding period for an additional two years following the applicable vesting date of such LTIP Unit.
Documents
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001587458
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 11:34 AM ET
- Size
- 8.9 KB