Form 4: Acadia Realty Trust Director William T. Spitz Acquires Shares as Part of Trustee Fee Payment

Director William T. Spitz acquired 6,221 common shares of Acadia Realty Trust at $19.29 per share as part of his annual trustee fees.

Summary

• On May 8, 2025, William T. Spitz, a director of Acadia Realty Trust, acquired 6,221 common shares of beneficial interest.
• The shares were acquired at a price of $19.29 per share.
• This acquisition was related to the payment of annual trustee fees.
• Following the transaction, Spitz directly owns 107,656 common shares.
• The acquired shares will vest in three equal installments on May 9, 2026, May 9, 2027, and May 9, 2028.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of shares as part of compensation is a normal course of business and indicates alignment with shareholder interests.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The vesting schedule aligns the director's interests with the long-term performance of the company.

Future Outlook

The director's holdings will increase over time as the shares vest according to the specified schedule.

Industry Context

Directors commonly receive equity as part of their compensation, aligning their interests with shareholders. This is a standard practice in the real estate industry.

Comparison to Industry Standards

• Equity compensation for board members is a common practice among publicly traded REITs such as Simon Property Group (SPG), Public Storage (PSA), and Equity Residential (EQR).
• The amount and vesting schedule of equity grants vary based on company size, board responsibilities, and overall compensation strategy.
• Acadia's approach appears consistent with industry norms for director compensation.

Related Party Transactions

• The grant of shares to William T. Spitz as part of his annual trustee fees constitutes a related party transaction.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders.
• The vesting schedule encourages long-term focus and commitment from the director.

Key Dates

Keywords

Acadia Realty Trust, Director, Share Acquisition, Trustee Fees, Form 4, AKR, Beneficial Ownership, Vesting