ACADIA director granted AKR shares as trustee fees

ACADIA REALTY TRUST director Lynn C. Thurber reported acquiring common shares through equity grants tied to annual Trustee fees.

Rhea-AI Filing Summary

ACADIA REALTY TRUST director Lynn C. Thurber reported acquiring common shares through equity grants tied to annual Trustee fees. She received 5,592 Common Shares of Beneficial Interest at $21.46 per share by electing to take part of her cash compensation in stock at a 10% discount to the preceding 20-day average share price. These shares vest on May 9, 2027. She also received a separate grant of 5,178 common shares that vests in three equal installments on May 9, 2027, May 9, 2028, and May 9, 2029. Following these awards, one reported direct holding line shows 111,573 common shares owned.

Insider Trade Summary

Grant/Award: 10,770 shares

Grant/Award 2 txns

Insider Thurber Lynn C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	5,178	$21.46	$111K
Grant/Award	Common Shares of Beneficial Interest	5,592	$21.46	$120K

Holdings After Transaction: Common Shares of Beneficial Interest — 111,573 shares (Direct)

Footnotes (2)

1. F1. This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2027.
2. F2. This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2027, one-third shall vest on May 9, 2028 and the remaining third shall vest on May 9, 2029.

Key Figures

Equity grant from cash election: 5,592 shares Additional trustee grant: 5,178 shares Grant price per share: $21.46 per share +3 more

6 metrics

Equity grant from cash election 5,592 shares Portion of annual Trustee cash compensation elected in stock at $21.46 per share

Additional trustee grant 5,178 shares Annual Trustee fee equity award

Grant price per share $21.46 per share Pricing reference for awards on May 13, 2026

Post-award holdings 111,573 shares Direct common shares following one of the reported transactions

Single-vest grant date May 9, 2027 Vesting date for 5,592-share award

Staggered vesting dates 2027, 2028, 2029 One-third of 5,178-share award vests each year on May 9

Key Terms

Common Shares of Beneficial Interest, annual Trustee fees, vesting period, cash compensation, +1 more

5 terms

Common Shares of Beneficial Interest financial

"security_title: Common Shares of Beneficial Interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

annual Trustee fees financial

"This grant was awarded in connection with the payment of annual Trustee fees."

vesting period financial

"Trustees have the option to convert all or part of any cash payment due to them to Common Shares with a vesting period of one year"

A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.

cash compensation financial

"These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares"

20-day average share price financial

"at a 10% discount to the preceding 20-day average share price from the date of issuance"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ACADIA REALTY TRUST (AKR) report for Lynn C. Thurber?

ACADIA REALTY TRUST reported that director Lynn C. Thurber received two equity grants of Common Shares of Beneficial Interest as part of her annual Trustee fees. These were non-market awards, not open-market purchases or sales, and increased her direct share ownership in the company.

How many ACADIA REALTY TRUST (AKR) shares did Lynn C. Thurber receive in the latest Form 4?

Lynn C. Thurber received two grants: 5,592 common shares in one award and 5,178 common shares in another. Both grants are classified as awards in connection with annual Trustee fees rather than standard open-market transactions in ACADIA REALTY TRUST stock.

What is the vesting schedule for Lynn C. Thurber’s new ACADIA REALTY TRUST (AKR) share awards?

One award of 5,592 shares vests fully on May 9, 2027. The second award of 5,178 shares vests in three equal installments: one-third on May 9, 2027, one-third on May 9, 2028, and the remaining third on May 9, 2029, subject to continued service.

How were the ACADIA REALTY TRUST (AKR) shares priced in Lynn C. Thurber’s election to receive stock?

The shares tied to her cash compensation election were valued at $21.46 per share. The grant reflects a 10% discount to the preceding 20-day average share price, as permitted for Trustees who choose to convert cash fees into ACADIA REALTY TRUST stock.

How does Lynn C. Thurber’s Form 4 transaction affect her ACADIA REALTY TRUST (AKR) ownership?

After the reported awards, one of the transaction lines shows Thurber directly holding 111,573 common shares. The filing indicates these are direct holdings, and the new grants represent additional equity compensation rather than a reduction or sale of existing ACADIA REALTY TRUST shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/13/2026 - 04:30 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Thurber Lynn C

(Last) (First) (Middle)

C/O ACADIA REALTY TRUST

411 THEODORE FREMD AVE

(Street)

RYE NEW YORK 10580

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

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

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

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

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
Common Shares of Beneficial Interest	05/13/2026	05/13/2026	A		5,178(1)	A	$21.46	105,981	D
Common Shares of Beneficial Interest	05/13/2026	05/13/2026	A		5,592(2)	A	$21.46	111,573	D

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

Explanation of Responses:

1. This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2027.

2. This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2027, one-third shall vest on May 9, 2028 and the remaining third shall vest on May 9, 2029.

	/s/ Lynn Thurber	05/13/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)