ACADIA REALTY TRUST — Director's Dealing 2025

May 9, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2025-05-08

Reporting Person: THURBER LYNN C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-08	Common Shares of Beneficial Interest	A	5760	$19.29	Acquired	94582	Direct
2025-05-08	Common Shares of Beneficial Interest	A	6221	$19.29	Acquired	100803	Direct

Footnotes

F1: This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2026.

F2: 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, 2026, one-third shall vest on May 9, 2027 and the remaining third shall vest on May 9, 2028