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.

item 5.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.