Van Tassell Christina 4

What Happened
Christina Van Tassell, a director of Empire State Realty Trust, Inc. (ESRT), was granted 23,856 long term incentive plan units (LTIP Units) on 2026-05-15. The units were awarded at a $0.00 per-unit acquisition price (transaction code A), i.e., no cash purchase. These LTIP Units are derivative awards that can convert into Operating Partnership Units and ultimately be redeemable for ESRT Class A common stock (or cash) on a one-for-one basis upon vesting.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19. (Filing occurred 4 days after the reported transaction.)
• Reported price: $0.00 per unit; total reported cash paid: $0.
• Grant size: 23,856 LTIP Units.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes:
  • F1 — LTIP Units may convert to Operating Partnership Units, which are redeemable for one share of Class A common stock (or cash) at the issuer’s option; conversion/redeem rights have no expiration.
  • F2 — LTIP Units vest ratably over the first four anniversaries of the grant and are subject to an additional two‑year holding period after grant.
• Remarks: Exhibit 24 (Power of Attorney) attached.

Context
This is an equity compensation award, not an open‑market purchase or sale. Such grants are common for directors/executives as part of long‑term incentive programs and do not by themselves indicate immediate buying or selling in the market. The units only convert into tradable equity after vesting and any required holding periods, and the Issuer can choose cash redemption instead of shares. Investors should treat this as routine compensation disclosure rather than a direct market signal.