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Filing Details

Accession Number:: 0000950170-25-023199
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-02-19 16:19:33
Reporting Period:: 2025-02-14

Filing Date:: 2025-02-19
Accepted Time:: 2025-02-19 16:19:33
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
899629	Acadia Realty Trust	AKR	Real Estate Investment Trusts (6798)	232715194

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1678486	J. John Gottfried	C/O Acadia Realty Trust 411 Theodore Fremd Ave Rye NY 10580	Executive Vp And Cfo	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares Of Beneficial Interest	Acquisiton	2025-02-19	12,000	$0.00	19,600	No	4	C	Direct
Common Shares Of Beneficial Interest	Disposition	2025-02-19	12,000	$23.55	7,600	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares Of Beneficial Interest	LTIP Units	Acquisiton	2025-02-14	54,370	$0.00	54,370	$0.00
Common Shares Of Beneficial Interest	LTIP Units	Disposition	2025-02-19	12,000	$0.00	12,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
376,538			No	4	A	Direct
364,538			No	4	C	Direct

Footnotes

These shares were sold in several separate sales transactions at a weighted average price of $23.55. The actual price at which these shares were sold range from $23.50 to $23.82 per share. Mr. Gottfried will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
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.
On February 14, 2025, Mr. Gottfried was awarded these restricted long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). Of the 54,370 LTIP Units granted to Mr. Gottfried, (i) 18,390 will vest in equal amounts on January 6, 2026 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 35,980 will vest in equal amounts on January 6, 2026 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.
This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies and absolute performance of the Company's same-property income.
These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Gottfried, which vested in accordance with the terms of each grant.