4/A: Acadia Realty Trust Executive VP Corrects Vesting Terms for Long-Term Incentive Partnership Units
SEC Filing (Form 4/A)
John J. Gottfried, Executive VP and CFO of Acadia Realty Trust, files an amended Form 4/A to correct the vesting terms of previously granted Long-Term Incentive Partnership Units (LTIPs).
Summary
- John J. Gottfried, Executive VP and CFO of Acadia Realty Trust, filed an amended Form 4/A on March 5, 2024, to correct the vesting terms of 61,350 Long-Term Incentive Partnership Units (LTIPs) granted on February 16, 2024.
- The correction clarifies that 24,912 LTIPs will vest in equal amounts on January 6, 2025, and on each of the following four anniversaries.
- The remaining 36,438 LTIPs will vest in equal amounts on January 6, 2025, and on each of the following two anniversaries, subject to a two-year post-vesting hold period.
- Vesting is contingent upon Mr. Gottfried's continued employment on the vesting dates, with customary exceptions.
Sentiment
Score: 7
Explanation: The document is a routine correction of vesting terms, which is neither particularly positive nor negative, but necessary for accurate reporting and transparency.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 02/16/2024 | Date of the original transaction (grant of LTIP Units). |
| 02/21/2024 | Date of original Form 4 filing. |
| 03/05/2024 | Date of amended Form 4/A filing. |
| 01/06/2025 | First vesting date for both tranches of LTIP Units. |
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