Blacksberg Jason 4/A
4/A · ACADIA REALTY TRUST · Filed Mar 5, 2024
Insider Transaction Report
Form 4/AAmended
Blacksberg Jason
EVP and Chief Legal Officer
Transactions
- Award
LTIP Units
2024-02-16+50,405→ 271,606 totalExercise: $0.00→ Common Shares of Beneficial Interest (50,405 underlying)
Footnotes (2)
- [F1]Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common 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 Common Units.
- [F2]This Form 4/A is filed solely to correct the vesting terms described in the initial Form 4 as follows: of the 50,405 LTIPs granted to Mr. Blacksberg, (i) 15,387 will vest in equal amounts on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 35,018 will vest in equal amounts on January 6, 2025 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Blacksberg continues to be employed on the vesting date and subject to customary exceptions.