Acadia Realty Trust (AKR) Sr. VP earns 29,546 LTIP Units in 2023 plan

Rhea-AI Filing Summary

Acadia Realty Trust reported that Sr. Vice President Joseph Napolitano received a performance-based equity award in the form of partnership units. On January 23, 2026, he was granted 29,546 LTIP Units in Acadia Realty Limited Partnership at a price of $0 per unit under the company’s 2023 outperformance plan, reflecting achievement of specified performance criteria. After this award, he beneficially owns 213,526 derivative securities tied to Acadia. These LTIP Units are exchangeable on a 1:1 basis into common partnership units, which are in turn exchangeable on a 1:1 basis into Acadia Realty Trust common shares, with no expiration date on these conversions.

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^*

Napolitano Joseph

(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)
	Sr. VP

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		29,546		(2)	(2)	Common Shares of Beneficial Interests	29,546	$0	213,526	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. Napolitano 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/ Joseph Napolitano	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 Acadia Realty Trust (AKR) report for Joseph Napolitano?

Acadia Realty Trust reported that Sr. Vice President Joseph Napolitano received an award of 29,546 LTIP Units in Acadia Realty Limited Partnership on January 23, 2026 at $0 per unit.

How many Acadia-related derivative securities does Joseph Napolitano hold after this Form 4?

Following the reported grant, Joseph Napolitano beneficially owns 213,526 derivative securities related to Acadia Realty Trust, as disclosed in the filing.

What are LTIP Units reported in the Acadia Realty Trust (AKR) Form 4?

The LTIP Units are long-term incentive partnership units in Acadia Realty Limited Partnership. Each LTIP Unit is exchangeable 1:1 for a partnership Common Unit, which is then exchangeable 1:1 for a common share of beneficial interest of Acadia Realty Trust.

Is there an expiration date on the LTIP Units reported for Acadia Realty Trust (AKR)?

The filing states there is no expiration date for the conversion of the LTIP Units into Common Units or for the subsequent exchange of Common Units into Acadia Realty Trust common shares.

What plan governs the LTIP Units granted to Joseph Napolitano at Acadia Realty Trust (AKR)?

The 29,546 LTIP Units represent the amount Mr. Napolitano earned under the company’s 2023 outperformance plan, with the award size based on achieving specified performance criteria.

What is Joseph Napolitano’s role at Acadia Realty Trust (AKR) according to the Form 4?

The Form 4 identifies Joseph Napolitano as an officer of Acadia Realty Trust with the title Sr. VP and not as a director or 10% owner.