HAN PATRICIA 4

What Happened Patricia Han, a director of Empire State Realty Trust, Inc. (ESRT), received a grant of 23,856 long-term incentive plan units (LTIP Units) on 2026-05-15. The units were granted at $0.00 (an award/derivative grant), so there was no cash purchase. LTIP Units are a form of equity compensation that can convert into operating partnership units and ultimately into Class A common shares (or cash) on a one-for-one basis when vested.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19. (Form 4 was filed after the typical 2-business-day deadline.)
• Transaction type/code: A — Award/Grant of derivative LTIP Units.
• Amount: 23,856 LTIP Units; grant price reported as $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — LTIP Units convert to Operating Partnership Units and are redeemable for Class A common stock (or cash) one-for-one; conversion/redeem rights do not expire. F2 — LTIP Units vest ratably over the first four anniversaries of the grant and are subject to an additional two-year holding period.
• Remark: Exhibit 24 (Power of Attorney) included with filing.

Context This was a compensation award, not an open-market purchase or sale, so it signals routine equity-based pay rather than an immediate bullish or bearish trading action. Because the units vest over four years and include an extra two-year holding period, these units are not freely tradable right away. The late filing may warrant attention for compliance reasons but does not itself indicate the insider’s view on the stock.