0001209191-24-002001.txt : 20240122
0001209191-24-002001.hdr.sgml : 20240122
20240122164017
ACCESSION NUMBER: 0001209191-24-002001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240118
FILED AS OF DATE: 20240122
DATE AS OF CHANGE: 20240122
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BERNSTEIN KENNETH F
CENTRAL INDEX KEY: 0001219735
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12002
FILM NUMBER: 24549310
MAIL ADDRESS:
STREET 1: C/O ACADIA REALTY TRUST
STREET 2: 411 THEODORE FREMD AVENUE, SUITE 300
CITY: RYE
STATE: NY
ZIP: 10580
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ACADIA REALTY TRUST
CENTRAL INDEX KEY: 0000899629
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 232715194
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 411 THEODORE FREMD AVENUE
STREET 2: SUITE 300
CITY: RYE
STATE: NY
ZIP: 10580
BUSINESS PHONE: 914-288-8100
MAIL ADDRESS:
STREET 1: 411 THEODORE FREMD AVENUE
STREET 2: SUITE 300
CITY: RYE
STATE: NY
ZIP: 10580
FORMER COMPANY:
FORMER CONFORMED NAME: MARK CENTERS TRUST
DATE OF NAME CHANGE: 19930329
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2024-01-18
0
0000899629
ACADIA REALTY TRUST
AKR
0001219735
BERNSTEIN KENNETH F
C/O ACADIA REALTY TRUST
411 THEODORE FREMD AVE
RYE
NY
10580
1
1
0
0
President and CEO
0
Limited Partnership Units
0.00
2024-01-18
2024-01-18
4
A
0
59760
0.00
A
Common Shares of Beneficial Interest
59760
2143333
D
Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2021 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2025 and 2026,based on continued employment by the Company.
These LTIP Units in ARLP represent the LTIPs that Mr. Bernstein has earned pursuant to the terms of his grant under the Company's 2021 outperformance plan, the amount of which depended on achieving certain performance criteria. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.
/s/ Kenneth Bernstein
2024-01-22