4//SEC Filing
Durels Thomas P. 4
Accession 0001587455-24-000006
CIK 0001541401other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 5:57 PM ET
Size
10.0 KB
Accession
0001587455-24-000006
Insider Transaction Report
Form 4
Durels Thomas P.
See Remarks
Transactions
- Conversion
LTIP Units
2024-12-17−100,000→ 2,362,151 total→ Class A Common Stock (100,000 underlying) - Sale
Class A Common Stock
2024-12-18$10.90/sh−3,193$34,804→ 96,807 total - Conversion
Class A Common Stock
2024-12-17+100,000→ 100,000 total
Footnotes (4)
- [F1]The transactions reported in this Form 4 are being reported in conjunction with the sale by the Reporting Person, on December 18, 2024, of 3,193 shares of Class A Common Stock during an open window period through a secondary market block trade pursuant to Rule 144 under the Securities Act of 1933, as amended. The sale was made for financial planning purposes for the Reporting Person and represents less than 1% of the Reporting Person's beneficial ownership of equity in the Issuer on a fully diluted basis.
- [F2]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. 2013 Equity Incentive Plan.
- [F3]These LTIP Units are fully vested.
- [F4]A total of 100,000 of vested LTIP Units were converted by the Reporting Person on a one-for-one basis into Operating Partnership Units, which were then redeemed for an equal number of shares of the Issuer's Class A Common Stock.
Documents
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001587455
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 5:57 PM ET
- Size
- 10.0 KB