ACADIA REALTY TRUST (AKR) director receives 6,990 LTIP Units as annual fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wielansky Lee S reported acquisition or exercise transactions in this Form 4 filing.
ACADIA REALTY TRUST director Lee S. Wielansky received a grant of 6,990 LTIP Units as compensation. These long-term incentive partnership units were awarded in connection with annual Trustee fees and are a form of equity-based pay rather than an open-market purchase.
The LTIP Units are ultimately exchangeable on a 1:1 basis into common shares of beneficial interest of Acadia Realty Trust. One-third of the grant will vest on May 9, 2027, one-third on May 9, 2028, and the remaining third on May 9, 2029. Following this award, Wielansky holds 74,024 LTIP Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wielansky Lee S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 6,990 | $0.00 | -- |
Holdings After Transaction:
LTIP Units — 74,024 shares (Direct, null)
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. This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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. There is no expiration date for the conversion of LTIP Units.
Key Figures
LTIP Units granted: 6,990 units
LTIP Units after grant: 74,024 units
Vesting date 1: May 9, 2027
+2 more
5 metrics
LTIP Units granted
6,990 units
Grant in connection with annual Trustee fees
LTIP Units after grant
74,024 units
Total LTIP Units held following reported award
Vesting date 1
May 9, 2027
One-third of 6,990 LTIP Units vest
Vesting date 2
May 9, 2028
Second one-third of 6,990 LTIP Units vest
Vesting date 3
May 9, 2029
Final one-third of 6,990 LTIP Units vest
Key Terms
LTIP Units, Acadia Realty Limited Partnership, Common Units, common shares of beneficial interest
4 terms
LTIP Units financial
"Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP")."
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Acadia Realty Limited Partnership financial
"Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP")."
Common Units financial
"The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common Units")."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
FAQ
What did ACADIA REALTY TRUST (AKR) director Lee S. Wielansky report on this Form 4?
Lee S. Wielansky reported receiving a grant of 6,990 LTIP Units as part of his annual Trustee fees. These are equity-based awards, not open-market share purchases, and increase his long-term incentive alignment with ACADIA REALTY TRUST’s common equity.
How many LTIP Units does Lee S. Wielansky hold after this ACADIA REALTY TRUST (AKR) grant?
After the 6,990 LTIP Unit grant, Lee S. Wielansky holds a total of 74,024 LTIP Units. This figure reflects his position in these derivative equity interests following the reported compensation award on the Form 4 filing.
How do the LTIP Units granted to ACADIA REALTY TRUST (AKR) director convert into common shares?
The LTIP Units are first exchangeable on a 1:1 basis for Common Units of Acadia Realty Limited Partnership. Those Common Units are then exchangeable on a 1:1 basis for common shares of beneficial interest of ACADIA REALTY TRUST, providing an indirect path to common equity.
What is the vesting schedule for the 6,990 LTIP Units granted at ACADIA REALTY TRUST (AKR)?
The 6,990 LTIP Units vest in three equal installments tied to specific dates. One-third vests on May 9, 2027, another third on May 9, 2028, and the final third on May 9, 2029, supporting long-term incentive retention.
Is there an expiration date on the LTIP Unit conversion for ACADIA REALTY TRUST (AKR)?
There is no expiration date for converting LTIP Units or the resulting Common Units into common shares of beneficial interest. This means the equity-linked awards can be converted in the future without a stated deadline in the reported terms.