4//SEC Filing
BERNSTEIN KENNETH F 4
Accession 0001209191-24-002001
CIK 0000899629other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:40 PM ET
Size
6.5 KB
Accession
0001209191-24-002001
Insider Transaction Report
Form 4
BERNSTEIN KENNETH F
DirectorPresident and CEO
Transactions
- Award
Limited Partnership Units
2024-01-18+59,760→ 2,143,333 totalExercise: $0.00→ Common Shares of Beneficial Interest (59,760 underlying)
Footnotes (2)
- [F1]Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2021 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2025 and 2026,based on continued employment by the Company.
- [F2]These LTIP Units in ARLP represent the LTIPs that Mr. Bernstein has earned pursuant to the terms of his grant under the Company's 2021 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.
Documents
Issuer
ACADIA REALTY TRUST
CIK 0000899629
Entity typeother
Related Parties
1- filerCIK 0001219735
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:40 PM ET
- Size
- 6.5 KB