Acadia Realty Trust (NYSE: AKR) EVP earns 34,472 LTIP units

Rhea-AI Filing Summary

Acadia Realty Trust reported that EVP and Chief Legal Officer Jason Blacksberg received an award of 34,472 LTIP Units on January 23, 2026. These long-term incentive partnership units in Acadia Realty Limited Partnership are exchangeable on a 1:1 basis for common partnership units, which can then be exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. The grant was made at a price of $0 per unit as part of the company’s 2023 outperformance plan based on achieving performance criteria. Following this award, Mr. Blacksberg beneficially owns 336,885 derivative securities related to these units, supporting his long-term alignment with the company’s equity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Blacksberg Jason

(Last) (First) (Middle)

C/O ACADIA REALTY TRUST

411 THEODORE FREMD AVE

(Street)

RYE NY 10580

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ACADIA REALTY TRUST [ AKR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)	$0	01/23/2026	01/23/2026	A		34,472		(2)	(2)	Common Shares of Beneficial Interests	34,472	$0	336,885	D

Explanation of Responses:

1. 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.

2. These LTIP Units in ARLP represent the LTIPs that Mr. Blacksberg has earned pursuant to the terms of his grant under the Company's 2023 outperformance plan, the amount of which depended on achieving certain performance criteria. The LTIPs are exchangeable on a 1:1 basis for 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.

	/s/ Jason Blacksberg	01/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did AKR report for Jason Blacksberg?

AKR reported that EVP and Chief Legal Officer Jason Blacksberg was granted 34,472 LTIP Units on January 23, 2026 at a price of $0 per unit as a long-term equity incentive award.

How can the reported LTIP Units for AKR be converted into common shares?

The LTIP Units are exchangeable on a 1:1 basis for common partnership units of Acadia Realty Limited Partnership, which are then exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust.

Is there an expiration date on the conversion of the AKR LTIP Units?

No. The filing states there is no expiration date for the conversion of the LTIP Units or the related common partnership units into common shares of beneficial interest of Acadia Realty Trust.

What plan governs the 34,472 LTIP Units granted to AKR’s EVP and Chief Legal Officer?

The 34,472 LTIP Units represent the amount that Mr. Blacksberg earned under the company’s 2023 outperformance plan, where the number of units depended on achieving specified performance criteria.

How many derivative securities does the AKR officer own after this LTIP grant?

After the reported transaction, Mr. Blacksberg beneficially owns 336,885 derivative securities tied to these LTIP Units, held with direct ownership.

What role does the reporting person hold at Acadia Realty Trust (AKR)?

The reporting person, Jason Blacksberg, is identified as an officer of Acadia Realty Trust, serving as EVP and Chief Legal Officer.