DAVID ZOBA - 02 May 2024 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role
Director
Signature
/s/ David Zoba
Issuer symbol
AKR
Transactions as of
02 May 2024
Transactions value $
$0
Form type
4
Filing time
06 May 2024, 16:20:44 UTC
Previous filing
19 Mar 2024
Next filing
08 May 2025
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 LTIP Units Award $0 +5.86K +8.8% $0.00 72.5K 02 May 2024 Common Shares of Beneficial Interest 5.86K $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 grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2025, one-third shall vest on May 9, 2026 and the remaining third shall vest on May 9, 2027. There is no expiration date for the conversion of LTIP Units.