EVP Real Estate Thomas Durels to transition duties; Kass and Renton named Co-Heads

Empire State Realty Trust, Inc.

Thomas Durels to step down as EVP Real Estate by June 30, 2026; will serve as Senior Consultant through June 2027.
Ryan Kass (Chief Revenue Officer) and Jackie Renton (ex-Atlas Capital COO) appointed Co-Heads of Real Estate, reporting to CEO and President.
Durels retains $757,050 base salary, continued equity vesting, and 2025 bonus eligibility; separation benefits include 2026/2027 cash bonuses and equity awards totaling over $2M.
Transition agreement includes non-disclosure, non-compete, and a full release of claims; separation payments contingent on signing additional release after termination.

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