Form 4: Empire State Realty Trust Executive VP Thomas Durels Sells Shares for Financial Planning

Executive Vice President of Real Estate at Empire State Realty Trust, Thomas P. Durels, sold shares of Class A Common Stock for financial planning purposes.

Summary

• Thomas P. Durels, EVP of Real Estate at Empire State Realty Trust, sold shares of Class A Common Stock on March 21, 2025, and March 24, 2025.
• On March 21, 2025, 5,779 shares were sold at an average price of $8.03, with prices ranging from $8.00 to $8.13.
• On March 24, 2025, 11,843 shares were sold at an average price of $8.02, with prices ranging from $8.00 to $8.08.
• The sales were conducted during an open window period through secondary market trades pursuant to Rule 144 under the Securities Act of 1933.
• The sales were made for financial planning purposes and represent less than 1% of Durels' beneficial ownership of equity in the Issuer on a fully diluted basis.
• Following the reported transactions, Durels beneficially owns 56,028 shares and 44,185 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider sales for financial planning, which is not inherently positive or negative.

Industry Context

This filing is a routine disclosure of insider stock sales. Insider sales can sometimes be interpreted negatively by the market, but in this case, the sale is attributed to financial planning and represents a small portion of the reporting person's holdings.

Key Dates

Keywords

Empire State Realty Trust, ESRT, Thomas Durels, stock sale, Form 4, insider trading, Class A Common Stock, Rule 144, financial planning