McIntyre Kenneth A Jr 4

What Happened

• Kenneth A. McIntyre Jr., a director of Acadia Realty Trust (AKR), was granted 5,592 long-term incentive partnership units (LTIP Units) on 2026-05-13. The Form 4 reports the award as a derivative grant at $0.00 per unit (transaction code A). The LTIP Units are exchangeable 1:1 into ARLP common partnership units, which are themselves exchangeable 1:1 into Acadia common shares; there is no expiration on conversion.

Key Details

• Transaction date and filing date: 2026-05-13.
• Transaction type/price: Award/Grant (A) — 5,592 LTIP Units @ $0.00 (derivative).
• Vesting: One-third vests May 9, 2027; one-third vests May 9, 2028; final third vests May 9, 2029 (per filing).
• Purpose: Grant awarded in connection with payment of annual Trustee fees.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on the same date as the transaction (no late filing indicated).
• Footnote highlights: LTIP Units convert 1:1 to ARLP common units and then 1:1 to Acadia common shares; no expiration on conversion.

Context

• This is a compensation award to a board member rather than an open-market purchase or sale. Such LTIP grants are common for trustee/director fees and typically vest over multiple years; they don't represent an immediate cash purchase or sale. The award was recorded at $0 on Form 4 (typical for some equity awards at grant) and will only translate into exchangeable units/shares as the LTIP Units are converted and/or vest.