February 3, 2025 · Form 4 insider transaction
NAPOLITANO JOSEPH bought 13,693 shares of Acadia Realty Trust at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2022 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2026 and 2027, based on continued employment by the Company.; These LTIP Units in ARLP represent the LTIPs that Mr. Napolitano has earned pursuant to the terms of his grant under the Company's 2022 outperformance plan, the amount of which depended on achieving certain performance criteria. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP 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 OP Units.