Acadia Realty (NYSE: AKR) EVP awarded 22,982 LTIP incentive units

Rhea-AI Filing Summary

Acadia Realty Trust EVP and CIO Reginald Livingston reported an equity-based award tied to the company’s operating partnership. On January 23, 2026, he received 22,982 LTIP Units in Acadia Realty Limited Partnership at a price of $0 per unit, reported as an acquisition of derivative securities. These long-term incentive partnership units were earned under the company’s 2023 outperformance plan, based on achieving specified performance criteria.

The LTIP Units are exchangeable on a 1:1 basis for common partnership units of Acadia Realty Limited Partnership, which in turn are exchangeable on a 1:1 basis for Acadia Realty Trust common shares of beneficial interest, with no stated expiration date for these conversions. Following this grant, Livingston directly beneficially owns 101,752 derivative securities consisting of LTIP Units.

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^*

Livingston Reginald

(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 CIO

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		22,982		(2)	(2)	Common Shares of Beneficial Interests	22,982	$0	101,752	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. Livingston 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/ Reginald Livingston	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 executive Reginald Livingston report?

EVP and CIO Reginald Livingston reported acquiring 22,982 LTIP Units in Acadia Realty Limited Partnership on January 23, 2026 at a price of $0 per unit, as a derivative securities award.

How do the LTIP Units reported by AKR’s EVP convert into Acadia Realty Trust shares?

The reported LTIP Units are exchangeable on a 1:1 basis for Common 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, with no stated expiration date for these conversions.

What plan governs the LTIP Units granted to AKR executive Reginald Livingston?

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

How many LTIP-related derivative securities does AKR’s EVP own after this transaction?

After the 22,982 LTIP Units award, Reginald Livingston beneficially owns 101,752 derivative securities consisting of LTIP Units, held with direct ownership.

Is there an expiration date on the LTIP Units reported by AKR’s EVP?

According to the footnotes, there is no expiration date for the conversion of the LTIP Units or the corresponding Common Units into Acadia Realty Trust common shares of beneficial interest.

What is the reported transaction code and price for the AKR LTIP Unit grant?

The LTIP Unit grant to Reginald Livingston is reported with transaction code "A" (acquisition) at a per-unit price of $0, reflecting a long-term incentive award rather than an open-market purchase.