Zoba David C 4

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.