Douglas Crocker - May 5, 2022 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role
Director
Signature
/s/ Douglas Crocker
Stock symbol
AKR
Transactions as of
May 5, 2022
Transactions value $
$120,834
Form type
4
Date filed
5/5/2022, 04:19 PM
Previous filing
May 7, 2021
Next filing
May 5, 2023

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 $20.8K +987 +1.4% $21.11 71.3K May 5, 2022 Direct F1, F2
transaction AKR Common Shares of Beneficial Interest - $.001 Par Value Award $100K +4.74K +6.64% $21.11 76.1K May 5, 2022 Direct F3

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 +395 +6.88% $0.00 6.13K May 5, 2022 Common Shares of Beneficial Interest 395 $0.00 Direct F4
* 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. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Crocker's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. Of these, Mr. Crocker elected to have 247 credit to his deferred account pursuant to the Issuer's Deferred Compensation Plan. These shares shall vest on May 9, 2023.
F2 Includes 569 of phantom shares related to dividends earned by Mr. Crocker under the deferred compensation plan that were not previously reported. Under the deferred compensation plan, such dividends are required to be credited as additional phantom shares.
F3 This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2023, one-third shall vest on May 9, 2024 and the remaining third shall vest on May 9, 2025, pursuant to the Trust Compensation Plan.
F4 This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Crocker's cash compensation that he elected to receive in LTIP Units and represent the number of LTIP Units he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2023. There is no expiration date for the conversion of LTIP Units.