Conlon Christopher 4
4 · ACADIA REALTY TRUST · Filed Feb 3, 2021
Insider Transaction Report
Form 4
Conlon Christopher
Senior Vice President
Transactions
- Award
Limited Partnership Units
2021-02-01+3,098→ 150,679 totalExercise: $0.00→ Common Shares of Beneficial Interest (3,098 underlying)
Footnotes (2)
- [F1]Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2018 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2022 and 2023, based on continued employment with the Company.
- [F2]These LTIP Units in ARLP represent the LTIPs that Mr. Conlon has earned pursuant to the terms of his grant under the Company's 2018 outperformance plan, the amount of which depended on achieving certain performance criteria. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.