Hannah Y. Yang - Jul 12, 2023 Form 4 Insider Report for Empire State Realty Trust, Inc. (ESRT)

Role
Director
Signature
/s/ Heather L. Houston, Attorney-in-Fact
Stock symbol
ESRT
Transactions as of
Jul 12, 2023
Transactions value $
$0
Form type
4
Date filed
7/14/2023, 04:43 PM
Next filing
May 13, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESRT LTIP Units Award $0 +13.5K $0.00 13.5K Jul 12, 2023 Class A Common Stock 13.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents long-term incentive partnership units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"), of which Empire State Realty Trust, Inc. (the "Company") is the sole general partner. The LTIP Units are convertible by the reporting person, upon vesting, into an equivalent number of units of limited partnership interest ("OP Units") in the Operating Partnership, which are redeemable by the holder for shares of Class A Common Stock of the Company on a one-for-one basis or the cash value of such shares, at the Company's option. The right to convert LTIP Units into OP Units and redeem OP Units does not have an expiration date. The LTIP Units, which vest ratably on each of the first four anniversaries of May 12, 2023, were granted under the Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2019 Equity Incentive Plan.