DAVID ZOBA - 08 May 2025 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Director
Signature: /s/ David Zoba
Issuer symbol: AKR
Transactions as of: 08 May 2025
Net transactions value: $0
Form type: 4
Filing time: 08 May 2025, 16:42:24 UTC
Previous filing: 06 May 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ZOBA C DAVID	Director	C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVE, RYE	/s/ David Zoba	08 May 2025	0001223605

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AKR	LTIP Units	Award	$0	+6,221	+8.6%	$0.000000	78,699	08 May 2025	Common Shares of Beneficial Interest	6,221	$0.000000	Direct	F1, F2

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

Explanation of Responses:

Id	Content
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 grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2026, one-third shall vest on May 9, 2027 and the remaining third shall vest on May 9, 2028. There is no expiration date for the conversion of LTIP Units.