Livingston Reginald 4

What Happened

• Reginald Livingston, EVP and Chief Investment Officer of Acadia Realty Trust (AKR), was granted 22,982 long-term incentive partnership units (LTIP Units) on January 23, 2026. The reported acquisition price is $0.00 (derivative award), so the filing shows no cash paid for the grant.
• These LTIP Units are exchangeable 1:1 for common partnership units of Acadia Realty Limited Partnership (ARLP), which are in turn exchangeable 1:1 for common shares of Acadia Realty Trust. There is no expiration on converting the LTIP Units or common units.

Key Details

• Transaction date: 2026-01-23; Filing date: 2026-01-26 (filed within the standard Form 4 reporting window).
• Amount granted: 22,982 LTIP Units; reported price: $0.00; total reported cash value: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (F1/F2) LTIP Units are exchangeable 1:1 for ARLP common units and then for Acadia common shares; these LTIPs were earned under the Company's 2023 outperformance plan and were contingent on meeting performance criteria.
• Transaction type: Award/Grant (derivative units), code A on Form 4.

Context

• This is a compensation award, not an open-market purchase or sale. LTIP grants are common executive compensation tied to performance goals and do not necessarily indicate immediate buying or selling of stock.
• If Mr. Livingston converts LTIP Units to common units/shares later, that would be a separate reportable transaction.