ESRT extends CEO non-compete to 1 year; hires President Chiu with $760K salary, $750K retention bonus

Empire State Realty Trust, Inc.

CEO Anthony Malkin non-compete extended from 6 months to 1 year post-termination.
President Christina Chiu: $760K base, 130% target bonus, $750K retention bonus payable Dec 2027.
Severance: 200% multiple on non-CIC termination; 300% if within 24 months of CIC.
Initial term 3 years; two 1-year auto-renewals unless 30-day notice by either party.
Agreement supersedes prior CIC severance agreement with Chiu.

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