Acadia Realty Trust (NYSE: AKR) grants 5,592 LTIP units to director

Rhea-AI Filing Summary

Acadia Realty Trust director Kenneth A. McIntyre Jr received a grant of 5,592 LTIP Units in Acadia Realty Limited Partnership as part of annual Trustee fees. These long-term incentive partnership units are exchangeable 1:1 into common partnership units, and then 1:1 into common shares of beneficial interest.

Following this grant, McIntyre holds 34,793 LTIP Units directly. The award vests in three equal installments: one-third on May 9, 2027, one-third on May 9, 2028, and the final third on May 9, 2029. There is no expiration date on converting LTIP or common units into common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McIntyre Kenneth A Jr

Role null

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	5,592	$0.00	--

Holdings After Transaction: LTIP Units — 34,793 shares (Direct, null)

Footnotes (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 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: 5,592 units Total LTIP Units after grant: 34,793 units Vesting tranche 1: One-third of 5,592 units +4 more

7 metrics

LTIP Units granted 5,592 units Grant awarded as annual Trustee fees

Total LTIP Units after grant 34,793 units Direct holdings following the transaction

Vesting tranche 1 One-third of 5,592 units Vests on May 9, 2027

Vesting tranche 2 One-third of 5,592 units Vests on May 9, 2028

Vesting tranche 3 One-third of 5,592 units Vests on May 9, 2029

Conversion ratio LTIP to Common Units 1:1 LTIP Units to common partnership units of ARLP

Conversion ratio Common Units to shares 1:1 Common Units to common shares of beneficial interest

Key Terms

LTIP Units, long-term incentive partnership units, common partnership units, common shares of beneficial interest, +1 more

5 terms

LTIP Units financial

"Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership"

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.

long-term incentive partnership units financial

"Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership"

common partnership units financial

"LTIP Units are exchangeable on a 1:1 basis for common partnership units of ARLP"

common shares of beneficial interest financial

"exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust"

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.

vest financial

"These LTIP Units shall vest according to the following schedule"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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
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^*

McIntyre Kenneth A Jr

(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

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	05/13/2026	05/13/2026	A		5,592		(2)	(2)	Common Shares of Beneficial Interests	5,592	$0	34,793	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. 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.

	/s/ Ken McIntyre	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)

FAQ

What did ACADIA REALTY TRUST director Kenneth A. McIntyre Jr receive in this Form 4 filing for AKR?

Kenneth A. McIntyre Jr received a grant of 5,592 LTIP Units as part of annual Trustee fees. These long-term incentive partnership units provide equity-linked compensation tied to Acadia Realty Trust through its operating partnership structure.

How many LTIP Units does Kenneth A. McIntyre Jr hold after this ACADIA REALTY TRUST (AKR) grant?

After the grant, Kenneth A. McIntyre Jr holds a total of 34,793 LTIP Units directly. This figure reflects the newly awarded 5,592 units added to his existing long-term incentive partnership holdings in Acadia Realty Limited Partnership.

What is the vesting schedule for the 5,592 LTIP Units granted by ACADIA REALTY TRUST?

The 5,592 LTIP Units vest in three equal installments: one-third on May 9, 2027, one-third on May 9, 2028, and the final third on May 9, 2029. Vesting is tied to McIntyre’s ongoing service as a Trustee.

How can the LTIP Units granted by ACADIA REALTY TRUST (AKR) be converted into common shares?

Each LTIP Unit is exchangeable 1:1 for a common partnership unit of Acadia Realty Limited Partnership, which is then exchangeable 1:1 for a common share of beneficial interest in Acadia Realty Trust. This structure links LTIP value directly to common shares.

Do the LTIP Units granted to Kenneth A. McIntyre Jr have an expiration date?

The LTIP Units have no expiration date for conversion into common partnership units or common shares. This means the units can be converted on a 1:1 basis at any time after vesting, subject to applicable plan and partnership terms.