Wendy Luscombe - May 6, 2021 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Director
Signature: /s/ Wendy Luscombe
Stock symbol: AKR
Transactions as of: May 6, 2021
Transactions value $: $99,994
Form type: 4
Date filed: 5/7/2021, 04:11 PM
Next filing: Jan 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Award	$100K	+4.87K	+13.66%	$20.52	40.6K	May 6, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Issuer's Deferred Compensation Plan. The deferred shares shall vest according to the following schedule:one-third shall vest on May 9, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan.
F2	Includes 184 of phantom shares related to dividends earned by Ms. Luscombe under the DCP that were not previously reported. Under the DCP, such dividends are required to be credited as additional phantom shares.

Content

This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Issuer's Deferred Compensation Plan. The deferred shares shall vest according to the following schedule:one-third shall vest on May 9, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan.

Includes 184 of phantom shares related to dividends earned by Ms. Luscombe under the DCP that were not previously reported. Under the DCP, such dividends are required to be credited as additional phantom shares.