Form 4: Acadia Realty Trust Executive VP and CFO, John J. Gottfried, Reports Transaction in Beneficial Ownership

John J. Gottfried, Executive VP and CFO of Acadia Realty Trust, reports the acquisition and disposition of common shares and LTIP units.

Summary

• On February 19, 2025, John J. Gottfried, Executive VP and CFO of Acadia Realty Trust, reported transactions involving common shares of beneficial interest.
• He acquired 12,000 common shares and disposed of 12,000 common shares at a weighted average price of $23.55.
• Following these transactions, Gottfried directly owns 7,600 common shares.
• On February 14, 2025, Gottfried was awarded 54,370 restricted long-term incentive partnership units (LTIP Units) in Acadia Realty Limited Partnership.
• 18,390 LTIP Units will vest in equal amounts on January 6, 2026, and on each of the first, second, third, and fourth anniversaries thereof.
• 35,980 LTIP Units will vest in equal amounts on January 6, 2026, and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period.
• Vesting is contingent upon continued employment and subject to customary exceptions.
• Gottfried also converted 12,000 LTIP Units on February 19, 2025.
• Following these transactions, Gottfried directly owns 364,538 LTIP Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by an insider.

Future Outlook

The vesting of LTIP Units is subject to continued employment and certain performance conditions, indicating a long-term incentive structure.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.
• The vesting of LTIP units incentivizes management to focus on long-term company performance, potentially benefiting shareholders.

Key Dates

Keywords

Acadia Realty Trust, John J. Gottfried, AKR, Beneficial Ownership, Form 4, LTIP Units, Common Shares, Executive VP, CFO, Transaction