Form 4 for AKR ACADIA REALTY TRUST
Accepted 2022-05-05 00:00:00 ET · period of report 2022-05-05 · accession 0001209191-22-027365 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-05-05 | 2022-05-05 | AKR | CROCKER DOUGLAS II | Dir | A - Grant | $21.11 | +5,724 | 71.3K | +9% | +$120.8K |
| D | 2022-05-05 | 2022-05-05 | AKR | CROCKER DOUGLAS II | Dir | A - Grant | $0.00 | +395 | 6,134 | +7% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares of Beneficial Interest - $.001 Par Value | 2022-05-05 | A | A | 4,737 | $21.11 | 76,053 | D | — | — | (F3) This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2023, one-third shall vest on May 9, 2024 and the remaining third shall vest on May 9, 2025, pursuant to the Trust Compensation Plan. |
| 2 | Common | Common Shares of Beneficial Interest - $.001 Par Value | 2022-05-05 | A | A | 987 | $21.11 | 71,316 | D | — | — | (F1) This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Crocker's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. Of these, Mr. Crocker elected to have 247 credit to his deferred account pursuant to the Issuer's Deferred Compensation Plan. These shares shall vest on May 9, 2023. (F2) Includes 569 of phantom shares related to dividends earned by Mr. Crocker under the deferred compensation plan that were not previously reported. Under the deferred compensation plan, such dividends are required to be credited as additional phantom shares. |
| 3 | Derivative | Limited Partnership Units | 2022-05-05 | A | A | 395 | $0.00 | 6,134 | D | $0.00 · — to — | 395 Common Shares of Beneficial Interest | (F4) This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Crocker's cash compensation that he elected to receive in LTIP Units and represent the number of LTIP Units he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2023. There is no expiration date for the conversion of LTIP Units. |