Thurber Lynn C 4
4 · ACADIA REALTY TRUST · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Acadia Realty (AKR) Director Lynn Thurber Receives Stock Award
What Happened
Lynn C. Thurber, a director of Acadia Realty Trust (AKR), was awarded a total of 10,770 common shares on 2026-05-13 in two separate grants labeled as acquisitions (awards). The first grant was 5,178 shares at $21.46 per share (value $111,120) and the second was 5,592 shares at $21.46 per share (value $120,004). These awards were issued in connection with annual trustee fees and are compensatory (not open‑market purchases).
Key Details
- Transaction date: May 13, 2026; Price per share recorded: $21.46.
- Shares granted: 5,178 (value $111,120) and 5,592 (value $120,004); total 10,770 shares, total value ~$231,124.
- Vesting / special terms:
- First grant (F1): conversion of cash fees to shares at a 10% discount to the prior 20‑day average; these shares vest on May 9, 2027.
- Second grant (F2): time‑based vesting in three equal installments — one‑third on May 9 of 2027, 2028 and 2029.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: Filed on May 13, 2026 (no late filing indicated in the supplied record).
Context
These awards are routine trustee compensation — effectively a choice to receive fees in shares (one grant via discounted conversion, the other as time‑vested shares). Such grants are common for directors and reflect compensation, not an open‑market buy or sale; they do not, by themselves, indicate the director’s market view.
Insider Transaction Report
- Award
Common Shares of Beneficial Interest
[F1]2026-05-13$21.46/sh+5,178$111,120→ 105,981 total - Award
Common Shares of Beneficial Interest
[F2]2026-05-13$21.46/sh+5,592$120,004→ 111,573 total
Footnotes (2)
- [F1]This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2027.
- [F2]This grant was awarded in connection with the payment of annual Trustee fees. These shares 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.