Livingston Reginald 4
4 · ACADIA REALTY TRUST · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Acadia Realty (AKR) EVP Reginald Livingston Receives Award
What Happened Reginald Livingston, EVP and CIO of Acadia Realty Trust (AKR), was awarded 41,111 long-term incentive partnership units (LTIP Units) in Acadia Realty Limited Partnership on February 18, 2026. The grant was recorded at $0 (a restricted award rather than an open-market purchase or sale). These LTIP Units are derivative interests exchangeable into the company’s common shares (see Key Details).
Key Details
- Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (appears timely).
- Instrument: 41,111 LTIP Units (derivative award) — acquisition code A; reported price $0, total reported value $0.
- Vesting:
- 9,926 units vest in equal amounts on January 6, 2027 and on each of the first through fourth anniversaries thereafter.
- 31,185 units vest in equal amounts on January 6, 2027 and on each of the first and second anniversaries thereafter, and those units are subject to a two‑year post‑vesting hold period.
- Vesting is conditioned on continued employment and customary exceptions.
- Conversion mechanics: LTIP Units are exchangeable 1:1 for ARLP common partnership units, which are in turn exchangeable 1:1 for Acadia common shares; there is no expiration date for these conversions (Footnote F1).
- Other: The filing excludes LTIP Units granted under the company’s outperformance plan, which vest based on performance metrics rather than time (Footnote F3).
- Shares owned after transaction: not specified in the filing.
Context This filing reflects a restricted, time- and condition-based equity award (not a market purchase or sale). Part of the award carry multi-year vesting and an additional post-vesting hold for a portion, so these units are not immediately liquid. Such grants are common for aligning executive incentives with long-term shareholder outcomes and do not by themselves indicate trading intent.
Insider Transaction Report
- Award
LTIP Units
[F1][F2][F3]2026-02-18+41,111→ 142,863 totalExercise: $0.00→ Common Shares of Beneficial Interests (41,111 underlying)
Footnotes (3)
- [F1]Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common 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 Common Units.
- [F2]On February 18, 2026, Mr. Livingston was awarded these restricted LTIP Units in ARLP. Of the 41,111 LTIP Units granted to Mr. Livingston, (i) 9,926 will vest in equal amounts on January 6, 2027 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 31,185 will vest in equal amounts on January 6, 2027 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Livingston continues to be employed on the vesting date and subject to customary exceptions.
- [F3]This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies and absolute performance of the Company's same-property income.