AI assistant
ACADIA REALTY TRUST — Director's Dealing 2024
Mar 5, 2024
31420_dirs_2024-03-05_b16a743f-5b02-4e47-bcf5-8026fc21ad50.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4/A — Form 4/A
Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2024-02-16
Reporting Person: Hartmann Richard (Sr. VP)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-16 | LTIP Units | $0.00 | A | 26085 | Acquired | Common Shares of Beneficial Interest (26085) | Direct |
Footnotes
F1: 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.
F2: This Form 4/A is filed solely to correct the vesting terms described in the initial Form 4 as follows: of the 26,085 LTIPs granted to Mr. Hartmann,
(i) 9,892 will vest in equal amounts on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 16,193 will vest in equal amounts on January 6, 2025 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Hartmann continues to be employed on the vesting date and subject to customary exceptions.