4/A: Acadia Realty Trust Executive Corrects Vesting Terms for Long-Term Incentive Partnership Units

Richard Hartmann, Sr. VP of Acadia Realty Trust, files an amended Form 4 to correct the vesting terms of previously reported Long-Term Incentive Partnership Units (LTIPs).

Summary

• Richard Hartmann, a Senior Vice President at Acadia Realty Trust, filed an amended Form 4 (Form 4/A) with the SEC on March 5, 2024.
• The amendment corrects the vesting terms of 26,085 Long-Term Incentive Partnership Units (LTIPs) granted to Mr. Hartmann.
• The original Form 4, filed on February 21, 2024, contained incorrect vesting details.
• Of the 26,085 LTIPs, 9,892 will vest in equal amounts on January 6, 2025, and on each of the subsequent four anniversaries.
• The remaining 16,193 LTIPs will vest in equal amounts on January 6, 2025, and on each of the subsequent two anniversaries, subject to a two-year post-vesting hold period.
• Vesting is contingent upon Mr. Hartmann's continued employment on the vesting date, with customary exceptions.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting information about executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance or financial outlook.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies. It provides transparency regarding the equity-based compensation awarded to key executives.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of executive compensation.
• The corrected vesting schedule provides clarity to Mr. Hartmann regarding his long-term incentives.

Key Dates