4//SEC Filing
Chiu Christina 4
Accession 0001810636-23-000004
CIK 0001541401other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 4:13 PM ET
Size
6.7 KB
Accession
0001810636-23-000004
Insider Transaction Report
Form 4
Chiu Christina
President
Transactions
- Award
LTIP Units
2023-05-12+74,826→ 638,019 total→ Class A Common Stock (74,826 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.
- [F2]These LTIP Units were earned on the achievement of certain performance criteria based on the Issuer's total shareholder return measured in industry-relative terms during a three-year performance period which ended on May 6, 2023. 50% of such earned LTIP Units fully vested as of May 7, 2023, and the remaining 50% of such earned LTIP Units will vest on May 6, 2024 subject to continued employment.
Documents
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001810636
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 4:13 PM ET
- Size
- 6.7 KB