Acadia Realty Trust (NYSE: AKR) CFO awarded 55,810 LTIP units

Rhea-AI Filing Summary

Acadia Realty Trust’s Executive VP and CFO John J. Gottfried received an award of 55,810 LTIP Units on January 23, 2026 under the company’s 2023 outperformance plan. These long-term incentive partnership units in Acadia Realty Limited Partnership are exchangeable 1:1 into common partnership units, which are then exchangeable 1:1 into common shares of beneficial interest of Acadia Realty Trust, with no expiration date on these conversions. Following this grant, Gottfried beneficially owned 420,348 derivative securities on a direct basis, and the grant was made at a price of $0 per unit, consistent with an incentive compensation award rather than an open-market purchase.

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

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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^*

Gottfried John J.

(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)
	Executive VP and CFO

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		55,810		(2)	(2)	Common Shares of Beneficial Interests	55,810	$0	420,348	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. Gottfried 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/ John Gottfried	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 AKR’s CFO report on this Form 4?

Executive VP and CFO John J. Gottfried reported receiving 55,810 LTIP Units on January 23, 2026 as a long-term incentive award.

What are the LTIP Units received by the AKR CFO and how can they convert?

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

Is there an expiration date on the AKR CFO’s LTIP Unit conversions?

No. The filing states there is no expiration date for converting LTIP Units into Common Units or for converting Common Units into Acadia Realty Trust common shares of beneficial interest.

How many derivative securities does the AKR CFO own after this LTIP grant?

After the 55,810 LTIP Unit grant, John J. Gottfried beneficially owned 420,348 derivative securities, held directly, according to the filing.

What plan governs the LTIP Units granted to AKR’s CFO?

The LTIP Units represent awards that Mr. Gottfried earned under the company’s 2023 outperformance plan, where the amount depended on achieving specified performance criteria.

Did the AKR CFO pay for the 55,810 LTIP Units?

No. The transaction price per LTIP Unit is reported as $0, consistent with the grant being compensation rather than an open-market purchase.