Acadia Realty Trust (AKR) awards 36,684 LTIP units to new SVP, CAO

Rhea-AI Filing Summary

Acadia Realty Trust reported an equity award to a senior executive. On January 5, 2026, new SVP and Chief Accounting Officer David Buell received 36,684 long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership at an exercise price of $0. Each LTIP Unit can be exchanged 1:1 for a common partnership unit, which can then be exchanged 1:1 for a common share of beneficial interest in Acadia Realty Trust, with no expiration on these conversions. The filing notes this grant was made in connection with Mr. Buell joining the company, and the LTIP Units are scheduled to fully vest on January 6, 2031.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Buell David

Role SVP, Chief Accounting Officer.

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	36,684	$0.00	--

Holdings After Transaction: LTIP Units — 36,684 shares (Direct)

Footnotes (1)

1. 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. This grant was awarded in connection with Mr. Buell joining the Company on January 5, 2026. These LTIP Units shall vest on January 6, 2031.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Buell David

(Last) (First) (Middle)

411 THEODORE FREMD AVE

SUITE 300

(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)
	SVP, Chief Accounting Officer.

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026	01/05/2026	A		36,684		(2)	(2)	Common Shares of Beneficial Interest	36,684	$0	36,684	D

Explanation of Responses:

1. 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. This grant was awarded in connection with Mr. Buell joining the Company on January 5, 2026. These LTIP Units shall vest on January 6, 2031.

	/s/ David Buell	01/06/2026
	** 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.
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FAQ

What insider transaction did ACADIA REALTY TRUST (AKR) disclose for January 2026?

The company disclosed an equity award to executive David Buell, who received 36,684 LTIP Units in Acadia Realty Limited Partnership on January 5, 2026.

Who is the reporting person in this ACADIA REALTY TRUST (AKR) Form 4 filing?

The reporting person is David Buell, who serves as SVP, Chief Accounting Officer of Acadia Realty Trust.

What type of securities did David Buell receive from ACADIA REALTY TRUST (AKR)?

He received long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership, which are ultimately exchangeable into common shares of beneficial interest of Acadia Realty Trust on a 1:1 basis through partnership units.

When do the LTIP Units granted to David Buell at ACADIA REALTY TRUST (AKR) vest?

The filing states that these LTIP Units, granted in connection with Mr. Buell joining the company on January 5, 2026, are scheduled to vest on January 6, 2031.

Is there an expiration date on converting the LTIP Units related to ACADIA REALTY TRUST (AKR)?

According to the disclosure, there is no expiration date for converting the LTIP Units into common partnership units or for converting those partnership units into Acadia Realty Trust common shares of beneficial interest.

How many derivative securities does David Buell beneficially own after this ACADIA REALTY TRUST (AKR) transaction?

After the reported transaction, 36,684 LTIP Units are shown as beneficially owned directly by David Buell.