4//SEC Filing
Giliberto Salvatore Michael 4
Accession 0001541401-21-000049
CIK 0001541401other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 4:20 PM ET
Size
10.6 KB
Accession
0001541401-21-000049
Insider Transaction Report
Form 4
Giliberto Salvatore Michael
Director
Transactions
- Award
LTIP Units
2021-06-01+10,516→ 79,170 total→ Class A Common Stock (10,516 underlying)
Footnotes (2)
- [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. These LTIP Units were granted under the Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2019 Equity Incentive Plan, and vest ratably on each of the first four anniversaries of the grant date.
- [F2]Each of the LTIP Units is subject to a holding period for an additional two years following the applicable grant date of such LTIP Unit.
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001587475
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 4:20 PM ET
- Size
- 10.6 KB