Form 4 for ESRT Empire State Realty Trust, Inc.
Accepted 2024-12-19 00:00:00 ET · period of report 2024-12-17 · accession 0001587455-24-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-12-19 | 2024-12-17 | ESRT | Durels Thomas P. | EVP, Real Estate | C - Cnv Deriv | $0.00 | +100.0K | 100.0K | New | $0 |
| D | 2024-12-19 | 2024-12-18 | ESRT | Durels Thomas P. | EVP, Real Estate | S - Sale | $10.90 | -3,193 | 96.8K | -3% | -$34.8K |
| D | 2024-12-19 | 2024-12-17 | ESRT | Durels Thomas P. | EVP, Real Estate | C - Cnv Deriv | $0.00 | -100.0K | 2.36M | -4% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-12-17 | C | A | 100,000 | $0.00 | 100,000 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-12-18 | S | D | 3,193 | $10.90 | 96,807 | D | — | — | |
| 3 | Derivative | LTIP Units | 2024-12-17 | C | D | 100,000 | $0.00 | 2,362,151 | D | — · — to — | 100,000 Class A Common Stock | (F2) 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. (F4) 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. (F3) These LTIP Units are fully vested. |