Kenneth Bernstein - Feb 18, 2022 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: President and CEO, Director
Signature: /s/ Kenneth Bernstein
Stock symbol: AKR
Transactions as of: Feb 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/23/2022, 03:23 PM
Previous filing: Aug 30, 2021
Next filing: May 31, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AKR	Limited Partnership Units	Award	$0	+180K	+10.91%	$0.00	1.83M	Feb 18, 2022	Common Shares of Beneficial Interest	180K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On February 18, 2022, Mr. Bernstein was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 179,574 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2023 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Bernstein continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

Content

On February 18, 2022, Mr. Bernstein was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 179,574 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2023 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Bernstein continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.