Form 4: Acadia Realty Trust Executive Joseph Napolitano Reports Share Transactions

Senior VP Joseph Napolitano of Acadia Realty Trust reports the acquisition and disposition of common shares and limited partnership units.

Summary

• On March 4, 2024, Joseph Napolitano, a Senior VP at Acadia Realty Trust, reported acquiring 49,525 common shares of beneficial interest at $0.00 and disposing of 49,525 shares at a weighted average price of $16.7715.
• The shares were sold in two separate transactions with prices ranging from $16.76 to $16.79 per share.
• Napolitano also acquired 49,525 Limited Partnership Units in Acadia Realty Limited Partnership (ARLP) which are exchangeable for common shares of Acadia Realty Trust on a 1:1 basis.
• Following these transactions, Napolitano beneficially owns 118 common shares directly and 179,108 derivative securities.

Sentiment

Score: 5

Explanation: This is a neutral report of transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
• The impact is likely minimal given the relatively small number of shares involved compared to the total outstanding shares.

Key Dates