Gottfried John J. 4

What Happened

• John J. Gottfried, Executive Vice President and Chief Financial Officer of Acadia Realty Trust (AKR), was awarded 64,480 long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (ARLP) on Feb 18, 2026. The award was a grant (no cash paid) and is reported as a derivative grant with an acquisition price of $0.00.
• LTIP Units are exchangeable 1:1 for ARLP common partnership units, which in turn are exchangeable 1:1 for Acadia common shares. The filing does not report an immediate cash value realized.

Key Details

• Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (timely filing shown).
• Grant: 64,480 LTIP Units; reported acquisition price $0.00 (award/grant).
• Vesting: 25,980 units vest in equal installments on Jan 6, 2027 and each of the next four anniversaries; 38,500 units vest in equal installments on Jan 6, 2027 and the first and second anniversaries thereafter and are subject to a two‑year post‑vesting hold period (see footnotes).
• Shares owned after transaction: not disclosed in the filing.
• Not included: this grant figure excludes LTIP Units tied to the company’s outperformance plan (vesting tied to relative/absolute performance metrics rather than time).

Context

• These LTIP Units are a typical form of executive compensation/retention. They are derivative awards convertible into company units/shares over time and subject to continued employment and, for certain LTIPs, post‑vesting holding requirements.
• The award does not represent an open‑market purchase or sale and does not by itself indicate immediate buying or selling of shares.