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.

Content

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.

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.