Empire State Realty Trust (ESRT) president awarded 261,808 LTIP units

Rhea-AI Filing Summary

Empire State Realty Trust, Inc. reported that President Christina Chiu received a grant of 261,808 LTIP Units on March 13, 2026 as a long-term equity incentive award. These LTIP Units are issued at no cash cost and can convert, after vesting and tax capital allocations, into Operating Partnership Units that are redeemable for an equal number of Class A common shares or cash at the company’s option. The LTIP Units vest in four equal installments on each of the first four anniversaries of January 1, 2026, with an additional two-year holding period after each vesting date. Following this grant, Chiu directly holds a total of 1,759,022 LTIP Units.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chiu Christina

(Last) (First) (Middle)

C/O EMPIRE STATE REALTY TRUST, INC.

111 WEST 33RD STREET, 12TH FL.

(Street)

NEW YORK NY 10120

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Empire State Realty Trust, Inc. [ ESRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)	(1)	03/13/2026		A		261,808		(1)(2)	(1)	Class A Common Stock	261,808	$0	1,759,022	D

Explanation of Responses:

1. 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. 2024 Equity Incentive Plan.

2. These LTIP Units vest ratably on each of the first four anniversaries of January 1, 2026, subject to continued employment through such dates. Each of the LTIP Units is subject to a holding period for an additional two years following the applicable vesting date of such LTIP Unit.

Remarks:

	/s/ Heather L. Houston, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Empire State Realty Trust (ESRT) disclose about Christina Chiu in this Form 4?

Empire State Realty Trust disclosed that President Christina Chiu received a grant of 261,808 LTIP Units. These units are part of a long-term equity incentive, increasing her total directly held LTIP Units to 1,759,022 after the award.

How many LTIP Units were granted to Empire State Realty Trust president Christina Chiu?

Christina Chiu was granted 261,808 LTIP Units as a long-term incentive award. The units were granted at a price of $0.00 per unit under the 2024 Equity Incentive Plan and are tied to future vesting and holding requirements.

What are LTIP Units in the Empire State Realty Trust (ESRT) structure?

LTIP Units are long-term incentive plan units in Empire State Realty OP, L.P., the operating partnership. After vesting and sufficient tax capital allocations, they can convert into Operating Partnership Units, which may be redeemed for Class A common stock or cash on a one-for-one basis.

What is the vesting schedule for Christina Chiu’s 261,808 LTIP Units at ESRT?

The 261,808 LTIP Units vest in four equal installments on the first four anniversaries of January 1, 2026. Each vested LTIP Unit is then subject to an additional two-year holding period before it can be fully redeemed or converted.

How many LTIP Units does Christina Chiu hold after this Empire State Realty Trust grant?

After this grant, Christina Chiu directly holds 1,759,022 LTIP Units. This figure reflects her position in LTIP Units of the operating partnership, which are ultimately tied to Empire State Realty Trust Class A common stock through potential conversions and redemptions.

Does the LTIP Unit grant to Christina Chiu involve an immediate cash payment?

The LTIP Unit grant involves no immediate cash payment, as the transaction price is reported at $0.00 per unit. Value to Chiu depends on future vesting, holding requirements, and potential conversion into Operating Partnership Units and then Class A common stock or cash.