Horn Stephen 4

What Happened

• Stephen Horn, EVP and Chief Financial Officer of Empire State Realty Trust, received a grant of 69,988 long-term incentive plan units ("LTIP Units") on March 13, 2026. The units were granted at $0.00 (no cash paid) and are reported as a derivative award rather than immediate common shares.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-17.
• Award: 69,988 LTIP Units; reported acquisition price: $0.00 (derivative grant).
• Shares owned after transaction: not disclosed in this filing.
• Footnote highlights:
  • LTIP Units are units of the Operating Partnership that, upon vesting and subject to certain tax allocations, are convertible one-for-one into Operating Partnership Units and redeemable for Class A common shares (or cash) at the issuer's option (no expiration on conversion rights).
  • Vesting: units vest ratably on each of the first four anniversaries of Jan 1, 2026 (i.e., roughly Jan 1 of 2027–2030), and each vested unit is subject to an additional two-year holding period after vesting.
• Plan: granted under the Empire State Realty Trust, Inc. / Empire State Realty OP, L.P. 2024 Equity Incentive Plan.

Context

• This is a grant/award (A) of LTIP Units, not an open-market purchase or sale. LTIP Units are derivative awards that only become equity (and potentially redeemable for shares or cash) upon vesting and any required conversion; they are therefore not immediate stock purchases. Grants are commonly used for long-term executive compensation and do not by themselves indicate an insider buying or selling shares.