John J. Gottfried - 16 Feb 2024 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Executive VP and CFO
Signature: /s/ John Gottfried
Issuer symbol: AKR
Transactions as of: 16 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 21 Feb 2024, 16:36:47 UTC
Previous filing: 22 Jan 2024
Next filing: 07 May 2024
SEC: View on sec.gov

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	+61,350	+25%	$0.000000	304,339	16 Feb 2024	Common Shares of Beneficial Interest	61,350	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On February 16, 2024, Mr. Gottfried was awarded these restricted long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 61,350 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Gottfried 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 and absolute performance of the Company's same-property income.

Content

On February 16, 2024, Mr. Gottfried was awarded these restricted long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 61,350 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Gottfried 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 and absolute performance of the Company's same-property income.