Lorrence T. Kellar - 05 May 2022 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 May 2022, 16:15:01 UTC
Prior SEC filing
14 Sep 2021
Next SEC filing
01 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Lorrence Kellar

Key filing fact

Lorrence T. Kellar filed Form 4 for ACADIA REALTY TRUST (AKR) on 05 May 2022.

Key facts

  • This page summarizes Lorrence T. Kellar's Form 4 filing for ACADIA REALTY TRUST (AKR).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 05 May 2022, 16:15.

Change

  • Previous filing in this sequence was filed on 14 Sep 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AKR transaction Derivative

Limited Partnership Units

Award

Transaction value
$0
Shares
+2,632
Change %
+6.2%
Price
$0.000000
Shares after
44,987
Date
05 May 2022
Ownership
Direct
Underlying class
Common Shares of Beneficial Interest
Underlying amount
2,632
Exercise price
$0.000000
Footnotes
F1
AKR transaction Derivative

Limited Partnership Units

Award

Transaction value
$0
Shares
+4,737
Change %
+11%
Price
$0.000000
Shares after
49,724
Date
05 May 2022
Ownership
Direct
Underlying class
Common Shares of Beneficial Interest
Underlying amount
4,737
Exercise price
$0.000000
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Kellar's cash compensation that he elected to receive in LTIP Units and represent the number of LTIP Units he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2023. There is no expiration date for the conversion of LTIP Units.

Footnote 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, 2023, one-third shall vest on May 9, 2024 and the remaining third shall vest on May 9, 2025, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

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