Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AKR | LTIP Units | Award | $0 | +61.4K | +25.25% | $0.00 | 304K | Feb 16, 2024 | Common Shares of Beneficial Interest | 61.4K | $0.00 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or Common Units. |
F2 | This Form 4/A is filed solely to correct the vesting terms described in the initial Form 4 as follows: of the 61,350 LTIPs granted to Mr. Gottfried, (i) 24,912 will vest in equal amounts on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 36,438 will vest in equal amounts on January 6, 2025 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Gottfried continues to be employed on the vesting date and subject to customary exceptions. |