Chiu Christina 4

What Happened
Christina Chiu, President of Empire State Realty Trust, received a grant of 261,808 long‑term incentive plan units (LTIP Units) on March 13, 2026. The Form 4 reports an acquisition price of $0.00 (award/derivative). These LTIP Units are a class of Empire State Realty OP, L.P. units that can convert to Operating Partnership Units and ultimately be redeemed for one share of Empire State Realty Trust Class A common stock (or cash at the issuer’s option) upon vesting.

Key Details

• Transaction date and filing: Grant dated 2026-03-13; Form 4 filed 2026-03-17 (filed within the two business‑day deadline).
• Grant details: 261,808 LTIP Units granted, reported acquisition price $0.00 (derivative award).
• Conversion/redemption: LTIP Units convertible to Operating Partnership Units (one-for-one conversion to Class A shares or cash redemption at issuer's option); conversion/redemption rights have no expiration.
• Vesting/holding: Units vest ratably on each of the first four anniversaries of January 1, 2026, subject to continued employment; each vested LTIP Unit is then subject to an additional two‑year holding period.
• Shares owned after transaction: Not specified in this Form 4.
• Plan: Award made under the Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2024 Equity Incentive Plan.

Context
This was a compensation award (derivative grant), not an open‑market purchase or sale. Such grants are common for executive compensation and reflect long‑term incentive design (vesting and holding restrictions) rather than an immediate purchase or sale signal.