Blacksberg Jason 4

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.