Horn Stephen 4

What Happened

• Stephen Horn, EVP, Chief Financial Officer and Chief Accounting Officer of Empire State Realty Trust, received an award of 16,027 long term incentive plan units (LTIP Units) on 2026-02-03. The Form 4 reports the grant as a derivative award (code A) at $0.00; these LTIP Units are not a cash purchase or sale.

Key Details

• Transaction date: 2026-02-03; Filing date: 2026-02-05 (timely Form 4 filing).
• Grant: 16,027 LTIP Units, reported at $0.00 (derivative award).
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Plan: Granted under the Empire State Realty Trust, Inc. / Empire State Realty OP, L.P. 2019 Equity Incentive Plan.
• Footnote highlights:
  • F1: LTIP Units can convert, upon vesting, into an equivalent number of Operating Partnership Units that are redeemable one-for-one for the issuer’s Class A common stock (or cash at the issuer’s option); conversion rights do not expire.
  • F2: These LTIP Units were earned based on performance for the three-year period ending 12/31/2025. 50% vested as of 1/1/2026; the remaining 50% vests on 12/31/2026 subject to continued employment.

Context

• This was a performance-based equity award (derivative grant), not an open-market purchase or sale. Because conversion to shares depends on vesting and the issuer’s redemption option, the grant represents potential future common shares rather than immediate stock proceeds.