YANG HANNAH Y 4

What Happened

• Hannah Y. Yang, a director of Empire State Realty Trust, received a grant of 23,856 long-term incentive plan units (LTIP Units) on 2026-05-15. The units were granted at $0.00 (reported value $0) as a derivative award under the Empire State Realty Trust, Inc. 2026 Equity Incentive Plan.
• These LTIP Units are not common stock today but are convertible, upon vesting and subject to tax-allocation conditions, into Operating Partnership Units that are redeemable one-for-one for Class A common shares (or cash at the issuer’s option). Conversion rights do not expire.

Key Details

• Transaction date: 2026-05-15; reported on Form 4 filed 2026-05-19 (timely — two business days).
• Grant details: 23,856 LTIP Units; reported acquisition price $0.00 (derivative award, code A).
• Shares/units owned after transaction: not reported in this Form 4.
• Vesting/holding: LTIP Units vest ratably over the first four anniversaries of the grant date and are subject to an additional two‑year holding period after the applicable grant date (see footnotes).
• Filing note: Exhibit 24 (Power of Attorney) attached to the filing.

Context

• This was a compensation grant (award), not an open‑market purchase or sale; awards are common for directors and typically subject to multi‑year vesting and holding restrictions, so they do not represent an immediate buy/sell market signal.
• Because these are derivative LTIP Units that convert into partnership units and then into shares (or cash) upon vesting, they only translate into tradable equity if and when conversion/redemption conditions are met.