Joseph Napolitano - Feb 16, 2024 Form 4/A Insider Report for ACADIA REALTY TRUST (AKR)

Role
Sr. VP
Signature
/s/ Joseph Napolitano
Stock symbol
AKR
Transactions as of
Feb 16, 2024
Transactions value $
$0
Form type
4/A
Date filed
3/5/2024, 05:17 PM
Date Of Original Report
Feb 21, 2024
Previous filing
Jan 22, 2024
Next filing
Mar 5, 2024

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 LTIP Units Award $0 +42K +22.53% $0.00 229K Feb 16, 2024 Common Shares of Beneficial Interest 42K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 42,041 LTIPs granted to Mr. Napolitano, (i) 13,189 will vest in equal amounts on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 28,852 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. Napolitano continues to be employed on the vesting date and subject to customary exceptions.