Horn Stephen 4

4 · Empire State Realty Trust, Inc. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Empire State Realty (ESRT) EVP/CFO Stephen Horn Receives Award

What Happened

Stephen Horn, EVP and Chief Financial Officer of Empire State Realty Trust, received a grant of 69,988 long-term incentive plan units ("LTIP Units") on March 13, 2026. The units were granted at $0.00 (no cash paid) and are reported as a derivative award rather than immediate common shares.

Key Details

Transaction date: 2026-03-13; Filing date: 2026-03-17.
Award: 69,988 LTIP Units; reported acquisition price: $0.00 (derivative grant).
Shares owned after transaction: not disclosed in this filing.
Footnote highlights:
- LTIP Units are units of the Operating Partnership that, upon vesting and subject to certain tax allocations, are convertible one-for-one into Operating Partnership Units and redeemable for Class A common shares (or cash) at the issuer's option (no expiration on conversion rights).
- Vesting: units vest ratably on each of the first four anniversaries of Jan 1, 2026 (i.e., roughly Jan 1 of 2027–2030), and each vested unit is subject to an additional two-year holding period after vesting.
Plan: granted under the Empire State Realty Trust, Inc. / Empire State Realty OP, L.P. 2024 Equity Incentive Plan.

Context

This is a grant/award (A) of LTIP Units, not an open-market purchase or sale. LTIP Units are derivative awards that only become equity (and potentially redeemable for shares or cash) upon vesting and any required conversion; they are therefore not immediate stock purchases. Grants are commonly used for long-term executive compensation and do not by themselves indicate an insider buying or selling shares.

Form 4

Period: 2026-03-13

EVP and CFO

Transactions

Award
LTIP Units
[F1][F2]
2026-03-13+69,988→ 224,690 total
→ Class A Common Stock (69,988 underlying)

Footnotes (2)

[F1]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.
[F2]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.

Signature

/s/ Heather L. Houston, Attorney-in-Fact|2026-03-17

4 files