ACADIA REALTY TRUST 8-K

What Happened
Acadia Realty Trust (filed 8-K on Dec 19, 2025) announced the appointment of David Buell, age 44, as Chief Accounting Officer effective January 5, 2026, succeeding Richard Hartmann as the company's principal accounting officer. Mr. Buell joins from Kite Realty Group Trust (SVP & Chief Accounting Officer, 2018–2025) and is a certified public accountant with a B.S. in Accounting and Finance from Indiana University. Richard Hartmann, CAO since 2012 and with Acadia since 1997, will remain to support the transition and will move into a new role as Senior Vice President, Strategic Initiatives.

Key Details

• Effective date: January 5, 2026; filing date: December 19, 2025 (8-K, Item 5.02/7.01).
• Base salary: $375,000 per year; eligible for an annual target cash bonus and equity awards under the Company’s 2020 Share Incentive Plan.
• One-time awards: $500,000 equity grant (restricted stock or LTIP units) subject to a five-year cliff vest; signing award up to $245,000 cash and up to $245,000 equity.
• Employment terms: Mr. Buell will enter into a severance agreement in the form previously filed by the Company; no related-party transactions or family relationships were reported.

Why It Matters
A change in the principal accounting officer is material for investors because this role oversees accounting, financial reporting and controls. The appointment signals continuity (internal transition support from the long-tenured predecessor) and aligns senior accounting management with meaningful equity and cash incentives. Investors should note the effective date and compensation details when evaluating potential impacts on financial reporting continuity, governance and executive compensation disclosures.