Napolitano Joseph 4

What Happened

• Joseph Napolitano, Senior Vice President of Acadia Realty Trust (AKR), received a grant of 29,546 long-term incentive partnership units (LTIP Units) on January 23, 2026. The reported acquisition price is $0.00 because this is a compensation award (transaction code A) rather than an open-market purchase. The filing was submitted on January 26, 2026.

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-26 (timely filing).
• Amount granted: 29,546 LTIP Units; reported price: $0.00 (award/derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnote summary:
  • F1/F2 — These LTIP Units are exchangeable 1:1 for ARLP Common Units, which are in turn exchangeable 1:1 for Acadia Realty Trust common shares; there is no expiration on conversion.
  • The LTIPs were earned under the company's 2023 outperformance plan and were contingent on achieving certain performance criteria.
• No 10b5-1 plan, tax withholding, or immediate sale noted in the filing.

Context

• This is a compensation grant (derivative award) rather than a market buy or sale; it does not represent an immediate cash investment or disposition. The LTIP Units can be converted into partnership/common shares on a 1:1 basis at the holder’s discretion (no expiration), so future share issuance or sales could occur if/when conversion happens.