William Spitz - May 2, 2024 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Director
Signature: /s/ William Spitz
Stock symbol: AKR
Transactions as of: May 2, 2024
Transactions value $: $200,011
Form type: 4
Date filed: 5/6/2024, 04:23 PM
Previous filing: May 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AKR	Common Shares of Beneficial Interest	Award	$100K	+5.86K	+6.53%	$17.06	95.6K	May 2, 2024	Direct	F1
transaction	AKR	Common Shares of Beneficial Interest	Award	$100K	+5.86K	+6.13%	$17.06	101K	May 2, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Spitz's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2025.
F2	This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2025, one-third shall vest on May 9, 2026 and the remaining third shall vest on May 9, 2027.

Content

This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Spitz's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2025.

This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2025, one-third shall vest on May 9, 2026 and the remaining third shall vest on May 9, 2027.