Acadia Realty director receives 5,592-share equity grant

Spitz William T. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Spitz William T. reported acquisition or exercise transactions in this Form 4 filing.

ACADIA REALTY TRUST director William T. Spitz received a grant of 5,592 Common Shares of Beneficial Interest as equity compensation tied to annual Trustee fees. The award price was $21.46 per share, bringing his direct holdings to 113,248 shares.

The grant 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, aligning compensation with long-term service on the board.

Insider Trade Summary

Grant/Award: 5,592 shares

Grant/Award 1 txn

Insider Spitz William T.

Role Director

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

Holdings After Transaction: Common Shares of Beneficial Interest — 113,248 shares (Direct)

Footnotes (1)

1. F1. 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

Share grant size: 5,592 shares Grant price: $21.46 per share Post-grant holdings: 113,248 shares +3 more

6 metrics

Share grant size 5,592 shares Common Shares of Beneficial Interest granted as annual Trustee fee award

Grant price $21.46 per share Reported transaction price for awarded shares

Post-grant holdings 113,248 shares Total direct ownership following the grant

First vesting date May 9, 2027 One-third of awarded shares vest

Second vesting date May 9, 2028 Second third of awarded shares vest

Final vesting date May 9, 2029 Remaining third of awarded shares vest

Key Terms

Common Shares of Beneficial Interest, Grant, award, or other acquisition, annual Trustee fees, vest

4 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.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

annual Trustee fees financial

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

vest financial

"These shares shall vest according to the following schedule: one-third shall vest on May 9, 2027..."

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.

FAQ

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

What did ACADIA REALTY TRUST (AKR) director William T. Spitz report in this Form 4?

Director William T. Spitz reported receiving a grant of 5,592 Common Shares of Beneficial Interest. The award was issued in connection with annual Trustee fees and increases his direct holdings to 113,248 shares, reflecting standard equity-based board compensation at Acadia Realty Trust.

How many ACADIA REALTY TRUST (AKR) shares were granted to William T. Spitz and at what price?

He was granted 5,592 Common Shares of Beneficial Interest at $21.46 per share. This represents a non-derivative equity award rather than an open-market purchase, classified as a grant, award, or other acquisition in the insider filing.

How does this grant affect William T. Spitz’s total ACADIA REALTY TRUST (AKR) holdings?

Following the grant, William T. Spitz directly holds 113,248 ACADIA REALTY TRUST shares. The additional 5,592 shares modestly increase his ownership, reflecting ongoing alignment of director compensation with shareholder interests through equity awards rather than cash-only fees.

What is the vesting schedule for William T. Spitz’s new ACADIA REALTY TRUST (AKR) share grant?

The 5,592-share grant vests in three equal tranches. One-third vests on May 9, 2027, another third on May 9, 2028, and the remaining third on May 9, 2029, encouraging continued board service over this multi-year period.

Was William T. Spitz’s ACADIA REALTY TRUST (AKR) transaction an open-market buy or a compensation grant?

The transaction was a compensation-related grant, not an open-market purchase. It is coded as a grant, award, or other acquisition and was awarded in connection with annual Trustee fees, indicating routine director equity compensation rather than a discretionary market trade.

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^*

Spitz William T.

(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		5,592(1)	A	$21.46	113,248	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. 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/ William Spitz	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)