Sutherland Donna Jean 4

What Happened

• Donna Jean Sutherland, Chief Accounting Officer of Empire State Realty Trust, was granted 11,584 shares on March 13, 2026. The grant price is reported as $0.00 per share (transaction code A), so the acquisition is a compensation award rather than a market purchase; the filing records $0 as the transaction consideration.

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17).
• Shares granted: 11,584; price: $0.00 per share; reported value: $0.
• Vesting: Shares vest in equal installments on the first four anniversaries of January 1, 2026, subject to continued service (footnote).
• Shares owned after transaction: not disclosed in the filing.
• Filing timeliness: Reported within four days (filed 2026-03-17 for a 2026-03-13 transaction), so no late-filing flag noted.

Context

• This was a service-based equity award (compensation), not an open‑market purchase or sale. Because the shares vest over time and are subject to continued employment, they do not represent immediately tradable proceeds and are primarily a form of compensation alignment rather than a direct trading signal. Purchases (direct buys) are generally viewed as a clearer bullish signal than grants.