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Filing Details

Accession Number:: 0001587455-24-000006
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-19 17:57:52
Reporting Period:: 2024-12-17

Accepted Time:: 2024-12-19 17:57:52
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1541401	Empire State Realty Trust Inc.	ESRT	Real Estate Investment Trusts (6798)	371645259

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1587455	P. Thomas Durels	C/O Empire State Realty Trust, Inc. 111 West 33Rd Street, 12Th Floor New York NY 10120	Evp, Real Estate	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2024-12-17	100,000	$0.00	100,000	No	4	C	Direct
Class A Common Stock	Disposition	2024-12-18	3,193	$10.90	96,807	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	LTIP Units	Disposition	2024-12-17	100,000	$0.00	100,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,362,151			No	4	C	Direct

Footnotes

The transactions reported in this Form 4 are being reported in conjunction with the sale by the Reporting Person, on December 18, 2024, of 3,193 shares of Class A Common Stock during an open window period through a secondary market block trade pursuant to Rule 144 under the Securities Act of 1933, as amended. The sale was made for financial planning purposes for the Reporting Person and represents less than 1% of the Reporting Person's beneficial ownership of equity in the Issuer on a fully diluted basis.
These represent long term incentive plan units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"). Conditioned upon sufficient allocations to the capital accounts of the LTIP Units for federal income tax purposes, LTIP Units are convertible by the Reporting Person, upon vesting, into an equivalent number of units of limited partnership interests ("Operating Partnership Units") of the Operating Partnership, which are redeemable by the holder for shares of Class A Common Stock of Empire State Realty Trust, Inc. (the "Issuer") on a one-for-one basis or the cash value of such shares, at the Issuer's option. The rights to convert LTIP Units into Operating Partnership Units and redeem Operating Partnership Units do not have expiration dates. These LTIP Units were granted under the Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2013 Equity Incentive Plan.
These LTIP Units are fully vested.
A total of 100,000 of vested LTIP Units were converted by the Reporting Person on a one-for-one basis into Operating Partnership Units, which were then redeemed for an equal number of shares of the Issuer's Class A Common Stock.