leadership
confidence high
sentiment neutral
materiality 0.60
CEO Anthony Malkin gets three-year extension to 2024, $700K retention bonus
Empire State Realty Trust, Inc.
- Term extended to October 7, 2024 (three years from prior expiration).
- $700,000 retention bonus payable at end of term or upon termination without cause/for good reason.
- Non-compete period reduced from one year to six months following termination.
- Base salary at least $810,000; target annual bonus 150% of base.
- Definition of 'Good Reason' modified in certain respects.