Blacksberg Jason 4
4 · ACADIA REALTY TRUST · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Acadia Realty (AKR) EVP Jason Blacksberg Receives LTIP Award
What Happened
Jason Blacksberg, Executive Vice President and Chief Legal Officer of Acadia Realty Trust (AKR), was granted 53,921 long-term incentive partnership units (LTIP Units) in Acadia Realty Limited Partnership on February 18, 2026. The award is reported as an acquisition at $0.00 (grant of derivative units). LTIP Units are exchangeable 1:1 for common partnership units, which in turn are exchangeable 1:1 for Acadia common shares.
Key Details
- Transaction type: Award/Grant (Form 4 code A) — 53,921 LTIP Units granted on 2026-02-18 at $0.00.
- Vesting: Per filing footnote — 17,034 units vest in equal installments beginning Jan 6, 2027 and on each of the next four anniversaries; 36,887 units vest in equal installments beginning Jan 6, 2027 and on the first and second anniversaries, and those second-tranche units have a post-vesting two-year hold period.
- Conversion: LTIP Units convert 1:1 to ARLP common units, which convert 1:1 to Acadia common shares; no expiration date on conversions (footnote F1).
- Conditions: Vesting is subject to continued employment and customary exceptions (footnote F2). The award excludes performance-based LTIP Units tied to relative/absolute company performance (footnote F3).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: Reported on Form 4 filed Feb 20, 2026 for a Feb 18, 2026 grant — appears timely (no late filing flag).
Context
- This is an equity compensation grant, not an open-market purchase or sale; such awards are common for executive compensation and do not directly signal immediate buying or selling intent.
- The two-year post-vesting hold on part of the grant restricts immediate disposition of those vested units, and the staged vesting ties value to continued employment.
Insider Transaction Report
Form 4
Blacksberg Jason
EVP and Chief Legal Officer
Transactions
- Award
LTIP Units
[F1][F2][F3]2026-02-18+53,921→ 390,806 totalExercise: $0.00→ Common Shares of Beneficial Interests (53,921 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. Blacksberg was awarded these restricted LTIP Units in ARLP. Of the 53,921 LTIP Units granted to Mr. Blacksberg, (i) 17,034 will vest in equal amounts on January 6, 2027 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 36,887 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. Blacksberg 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.
Signature
/s/ Jason Blacksberg|2026-02-20