Gottfried John J. 4

What Happened

• John J. Gottfried, Executive Vice President and Chief Financial Officer of Acadia Realty Trust (AKR), received an award of 55,810 long-term incentive partnership units (LTIP Units) on 2026-01-23. The award was recorded at $0.00 per unit (derivative grant), reflecting a compensation award rather than a market purchase.
• The LTIP Units are exchangeable on a 1:1 basis for common partnership units of Acadia Realty Limited Partnership (ARLP), which themselves are exchangeable 1:1 for Acadia Realty Trust common shares. There is no expiration date for conversion. The LTIPs were earned under the company’s 2023 outperformance plan and were granted based on achieving specified performance criteria.

Key Details

• Transaction date: 2026-01-23; Form 4 filed with the SEC on 2026-01-26.
• Amount: 55,810 LTIP Units; reported price: $0.00 (award/derivative—transaction code A).
• Conversion: LTIP Units → Common Units (1:1) → Common shares (1:1); no expiration date for conversion (per footnotes).
• Earned under: Company’s 2023 outperformance plan (performance-based award).
• Shares owned after transaction: not specified in the filing.

Context

• This was a compensation award (derivative grant), not an open-market purchase or sale; such awards are common for executive long-term incentives and do not by themselves signal a buy/sell decision.
• Because LTIP Units are convertible into common shares with no expiration, the award represents potential future share issuance if converted, subject to the company’s exchange mechanics and any governance rules.