Thurber Lynn C 4

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.