---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-128063"
form_type: "8-K"
ticker: "ESRT"
cik: "0001541401"
company_name: "Empire State Realty Trust, Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:03:59.444894+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-128063
- form_type: 8-K
- ticker: ESRT
- cik: 0001541401
- company_name: Empire State Realty Trust, Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541401/000110465924128063/0001104659-24-128063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541401/000110465924128063/tm2430834d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-128063
- JSON: https://secwatch.observer/filing/0001104659-24-128063.json
- Plain text: https://secwatch.observer/filing/0001104659-24-128063.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.