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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 29,546 | $0.00 | -- |
Footnotes (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. 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.
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.
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.