Zoba David C 4
4 · ACADIA REALTY TRUST · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Acadia Realty (AKR) Director David Zoba Receives LTIP Award
What Happened
David C. Zoba, a director of Acadia Realty Trust (AKR), was granted 5,592 long-term incentive partnership units (LTIP Units) on May 13, 2026. The award was recorded at $0.00 per unit (derivative grant), reflecting a compensation award rather than a purchase. These LTIP Units are exchangeable ultimately into Acadia common shares on a 1:1 basis (via ARLP common partnership units).
Key Details
- Transaction date and type: May 13, 2026 — Award/Grant (code A). Report filed the same day.
- Amount: 5,592 LTIP Units; reported price $0.00 (no cash paid).
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1 — LTIP Units are exchangeable 1:1 for ARLP common units, which are exchangeable 1:1 for Acadia common shares; no expiration on conversion.
- F2 — Award granted in connection with annual trustee fees; vests one-third on May 9, 2027, one-third on May 9, 2028, and one-third on May 9, 2029.
- Timeliness: Filing date equals transaction date — appears timely.
Context
This is a typical director compensation award (derivative units convertible to shares) rather than an open-market buy or sale. Vesting occurs over three years, so the units are not immediately convertible into tradable shares for the director. Such awards are common for trustees and do not by themselves indicate a buy/sell signal.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-05-13+5,592→ 84,291 totalExercise: $0.00→ Common Shares of Beneficial Interests (5,592 underlying)
Footnotes (2)
- [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]This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2027, one-third shall vest on May 9, 2028 and the remaining third shall vest on May 9, 2029. There is no expiration date for the conversion of LTIP Units.