NAPOLITANO JOSEPH 4/A
4/A · ACADIA REALTY TRUST · Filed Mar 5, 2024
Insider Transaction Report
Form 4/AAmended
Napolitano Joseph
Sr. VP
Transactions
- Award
LTIP Units
2024-02-16+42,041→ 228,633 totalExercise: $0.00→ Common Shares of Beneficial Interest (42,041 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 42,041 LTIPs granted to Mr. Napolitano, (i) 13,189 will vest in equal amounts on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 28,852 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. Napolitano continues to be employed on the vesting date and subject to customary exceptions.