Empire State Realty ( (ESRT) ) has provided an update.
Empire State Realty Trust, Inc. has extended its employment agreement with Anthony E. Malkin, affirming his role as Chairman and CEO for three more years until 2027, with automatic one-year renewals thereafter. The revised agreement includes a $1 million retention bonus, incentivizing Malkin to stay until the end of the term, and frames non-renewal as a termination without cause, ensuring added security for his position.
For detailed information about ESRT stock, go to TipRanks’ Stock Analysis page.
