4//SEC Filing
Chiu Christina 4
Accession 0001541401-21-000019
CIK 0001541401other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 11:35 AM ET
Size
12.9 KB
Accession
0001541401-21-000019
Insider Transaction Report
Form 4
Chiu Christina
President
Transactions
- Award
LTIP Units
2021-03-15+46,168→ 168,133 total→ Class A Common Stock (46,168 underlying) - Award
LTIP Units
2021-03-15+39,766→ 121,965 total→ Class A Common Stock (39,766 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 30% on January 1, 2024, 30% on January 1, 2025 and 40% on January 1, 2026, subject to continued employment through such dates. Each of the LTIP Units is subject to a holding period for four years following the grant date of such LTIP Unit.
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001810636
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 11:35 AM ET
- Size
- 12.9 KB