Durels Thomas P. 4

What Happened

• Thomas P. Durels, EVP, Real Estate of Empire State Realty Trust, Inc., was granted 321,670 long-term incentive plan units (LTIP Units) on March 13, 2026. The units were awarded at $0.00 (derivative award) and reported on a Form 4 filed March 17, 2026.
• These are derivative LTIP Units (total reported value $0 at grant) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-17.
• Award: 321,670 LTIP Units; grant price reported $0.00; total reported value $0 (derivative).
• Shares owned after transaction: Not specified in this filing.
• Footnote highlights:
  • F1: LTIP Units are a class of Operating Partnership units that, upon vesting and subject to tax allocations, are convertible into Operating Partnership Units and redeemable one-for-one for Class A common stock or for cash at the issuer’s option; conversion/redemption rights have no expiration.
  • F2: These LTIP Units were granted under the 2024 Equity Incentive Plan and will vest per his Transition Agreement (dated Sept 19, 2025); each unit also carries a two‑year holding period following its applicable vesting date.
• No indication in the filing that this was a sale, purchase, or option exercise—this was an equity award as part of compensation.

Context

• These LTIP Units are derivative compensation awards, not immediate shares of common stock. They require vesting and conversion before becoming redeemable for common stock (or cash), and they include an extra two‑year holding restriction after vesting, so they do not represent current tradable share ownership.
• Such grants are typically part of executive compensation/transition arrangements and should be interpreted as awards rather than direct market sentiment indicators.