Wielansky Lee S 4

What Happened

• Lee S. Wielansky, a Director/Trustee of Acadia Realty Trust (AKR), received an award of 6,990 long-term incentive partnership units (LTIP Units) on May 13, 2026. The reported acquisition price is $0.00 (award/derivative grant).
• These LTIP Units are derivative interests that are exchangeable 1:1 for common partnership units of ARLP, which themselves are exchangeable 1:1 for Acadia common shares (no expiration on conversion). The grant was made in connection with annual trustee fees.

Key Details

• Transaction date: 2026-05-13; Transaction code: A (award/grant); Amount: 6,990 LTIP Units; Price reported: $0.00.
• Vesting: one-third vests on May 9, 2027; one-third on May 9, 2028; and the final third on May 9, 2029 (per filing footnote).
• Conversion/derivative note: LTIP Units convert on a 1:1 basis to ARLP common units, which convert 1:1 to Acadia common shares; there is no expiration date for conversion.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: filing dated the same day as the report period (2026-05-13); no late filing indicated.

Context

• This was an award (compensation) to a director for trustee fees, not an open-market purchase or sale — such grants are routine compensation and do not by themselves signal a buy or sell decision.
• Because these are derivative LTIP Units with a multi-year vesting schedule, the economic interest in underlying shares will materialize gradually as units vest and are converted.