AKR

SEC source: 0001209191-21-030891 · doc4.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,551

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Issuer's Deferred Compensation Plan. The deferred shares shall vest according to the following schedule:one-third shall vest on May 9, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan.

F2 · balance_after: Includes 184 of phantom shares related to dividends earned by Ms. Luscombe under the DCP that were not previously reported. Under the DCP, such dividends are required to be credited as additional phantom shares.

SEC source: 0001209191-21-030890 · doc4.xml · derivative · entry 2

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,355

Underlying: Common Shares of Beneficial Interest · 4,873 shares

Expires not disclosed

F2 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

F2 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-21-030890 · doc4.xml · derivative · entry 1

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,482

Underlying: Common Shares of Beneficial Interest · 4,061 shares

Expires not disclosed

F1 · derivative.exercise_date: 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. Kellar'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, 2022. There is no expiration date for the conversion of LTIP Units.

F1 · derivative.expiration_date: 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. Kellar'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, 2022. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-21-030889 · doc4.xml · nonDerivative · entry 2

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,760

F3 · shares: 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, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan.

SEC source: 0001209191-21-030889 · doc4.xml · nonDerivative · entry 1

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,887

F1 · shares: 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 203 credit to his deferred account pursuant to the Issuer's Deferred Compensation Plan. These shares shall vest on May 9, 2022.

F2 · balance_after: Includes 80 shares earned under the Company's deferred compensation plan that were not previously reported.

SEC source: 0001209191-21-030887 · doc4.xml · nonDerivative · entry 2

Spitz William T. · CIK 0001411029 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,469

F2 · shares: 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, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan.

SEC source: 0001209191-21-030887 · doc4.xml · nonDerivative · entry 1

Spitz William T. · CIK 0001411029 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,596

F1 · shares: 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. Spitz'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. These shares shall vest on May 9, 2022.

SEC source: 0001209191-21-026840 · doc4.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,494

F1 · price: These shares were sold in 11 separate sales transactions at a weighted average sales price of $19.9034 pursuant to a 10b5-1 plan Ms. Luscombe previously put into place. The actual price at which these shares were sold range from $19.74 to $20.03 per share. Ms. Luscombe will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price

SEC source: 0001209191-21-021750 · doc4.xml · derivative · entry 3

Blacksberg Jason · CIK 0001608055 · Sr. VP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 133,238

Underlying: Common Shares of Beneficial Interest · 3,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Blacksberg, which vested in accordance with the terms of each grant. 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.

F2 · derivative.expiration_date: These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Blacksberg, which vested in accordance with the terms of each grant. 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.

SEC source: 0001209191-21-021750 · doc4.xml · nonDerivative · entry 2

Blacksberg Jason · CIK 0001608055 · Sr. VP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · price: These shares were sold in 8 separate sales transactions at a weighted average sales price of $20.6843 The actual price at which these shares were sold range from $20.53 to $20.90 per share. Mr. Blacksberg will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.

SEC source: 0001209191-21-021750 · doc4.xml · nonDerivative · entry 1

Blacksberg Jason · CIK 0001608055 · Sr. VP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-21-020842 · doc4.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118

F1 · price: These shares were sold in 14 separate sales transactions at a weighted average sales price of $20.599. The actual price at which these shares were sold range from $20.52 to $20.69 per share. Mr. Napolitano will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.

SEC source: 0001209191-21-020797 · doc4.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,017

F1 · price: These shares were sold in 11 separate sales transactions at a weighted average sales price of $20.9117 pursuant to a 10b5-1 plan Ms. Luscombe previously put into place. The actual price at which these shares were sold range from $20.73 to $21.16 per share. Ms. Luscombe will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price

SEC source: 0001209191-21-020842 · doc4.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 174,216

Underlying: Common Shares of Beneficial Interest · 5,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant. 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 the Company. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant. 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 the Company. There is no expiration date for the conversion of LTIP Units or OP Units.

SEC source: 0001209191-21-020842 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,118

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-21-018543 · doc4.xml · nonDerivative · entry 1

McIntyre Kenneth A Jr · CIK 0001607290 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,242

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These Restricted Share Units shall vest according to the following schedule: one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan.

SEC source: 0001209191-21-014721 · doc4.xml · derivative · entry 3

Gottfried John J. · CIK 0001678486 · Sr. VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 120,592

Underlying: Common Shares of Beneficial Interest · 10,500 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Gottfried, which vested in accordance with the terms of each grant. 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 the Company. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Gottfried, which vested in accordance with the terms of each grant. 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 the Company. There is no expiration date for the conversion of LTIP Units or OP Units.

SEC source: 0001209191-21-014721 · doc4.xml · nonDerivative · entry 2

Gottfried John J. · CIK 0001678486 · Sr. VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,600

F1 · price: These shares were sold in 13 separate sales transactions at a weighted average sales price of $19.5682. The actual price at which these shares were sold range from $19.50 to $19.62 per share. Mr. Gottfried will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.

SEC source: 0001209191-21-014721 · doc4.xml · nonDerivative · entry 1

Gottfried John J. · CIK 0001678486 · Sr. VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,100

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-21-012697 · doc4.xml · derivative · entry 1

Blacksberg Jason · CIK 0001608055 · Sr. VP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 136,238

Underlying: Common Shares of Beneficial Interest · 40,205 shares

Expires not disclosed

F1 · shares: On February 18, 2021, Mr. Blacksberg was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 40,205 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Blacksberg continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.exercise_date: On February 18, 2021, Mr. Blacksberg was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 40,205 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Blacksberg continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.expiration_date: On February 18, 2021, Mr. Blacksberg was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 40,205 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Blacksberg continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

SEC source: 0001209191-21-012693 · doc4.xml · derivative · entry 1

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,646,078

Underlying: Common Shares of Beneficial Interest · 178,559 shares

Expires not disclosed

F1 · shares: On February 18, 2021, Mr. Bernstein was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 178,559 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Bernstein continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.exercise_date: On February 18, 2021, Mr. Bernstein was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 178,559 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Bernstein continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.expiration_date: On February 18, 2021, Mr. Bernstein was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 178,559 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Bernstein continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

SEC source: 0001209191-21-012691 · doc4.xml · derivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 206,949

Underlying: Common Shares of Beneficial Interest · 56,270 shares

Expires not disclosed

F1 · shares: On February 18, 2021, Mr. Conlon was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 56,270 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Conlon continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.exercise_date: On February 18, 2021, Mr. Conlon was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 56,270 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Conlon continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.expiration_date: On February 18, 2021, Mr. Conlon was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 56,270 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Conlon continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

SEC source: 0001209191-21-012689 · doc4.xml · derivative · entry 1

Gottfried John J. · CIK 0001678486 · Sr. VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 131,092

Underlying: Common Shares of Beneficial Interest · 49,119 shares

Expires not disclosed

F1 · shares: On February 18, 2021, Mr. Gottfried was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 49,119 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Gottfried continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.exercise_date: On February 18, 2021, Mr. Gottfried was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 49,119 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Gottfried continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.expiration_date: On February 18, 2021, Mr. Gottfried was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 49,119 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Gottfried continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

SEC source: 0001209191-21-012687 · doc4.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 179,216

Underlying: Common Shares of Beneficial Interest · 33,792 shares

Expires not disclosed

F1 · shares: On February 18, 2021, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 34,274 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Napolitano continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.exercise_date: On February 18, 2021, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 34,274 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Napolitano continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.expiration_date: On February 18, 2021, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 34,274 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Napolitano continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

SEC source: 0001209191-21-012685 · doc4.xml · derivative · entry 1

Hartmann Richard · CIK 0001538817 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 73,687

Underlying: Common Shares of Beneficial Interest · 17,636 shares

Expires not disclosed

F1 · shares: On February 18, 2021, Mr. Hartmann was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 17,636 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Hartmann continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.exercise_date: On February 18, 2021, Mr. Hartmann was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 17,636 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Hartmann continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

F1 · derivative.expiration_date: On February 18, 2021, Mr. Hartmann was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 17,636 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2022 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Hartmann continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.

SEC source: 0001209191-21-011252 · doc4.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,017

F1 · price: These shares were sold in 15 separate sales transactions at a weighted average sales price of $17.8478. The actual price at which these shares were sold range from $17.69 to $18.11 per share. Ms. Luscombe will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price

SEC source: 0001209191-21-007217 · doc4.xml · derivative · entry 1

Hartmann Richard · CIK 0001538817 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 56,051

Underlying: Common Shares of Beneficial Interest · 503 shares

Expires not disclosed

F1 · shares: Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2018 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2022 and 2023, based on continued employment with the Company.

F2 · derivative.exercise_date: These LTIP Units in ARLP represent the LTIPs that Mr. Hartmann has earned pursuant to the terms of his grant under the Company's 2018 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.

F2 · derivative.expiration_date: These LTIP Units in ARLP represent the LTIPs that Mr. Hartmann has earned pursuant to the terms of his grant under the Company's 2018 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.

SEC source: 0001209191-21-007214 · doc4.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 145,424

Underlying: Common Shares of Beneficial Interest · 1,355 shares

Expires not disclosed

F1 · shares: Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2018 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2022 and 2023, based on continued employment with the Company.

F2 · derivative.exercise_date: These LTIP Units in ARLP represent the LTIPs that Mr. Napolitano has earned pursuant to the terms of his grant under the Company's 2018 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.

F2 · derivative.expiration_date: These LTIP Units in ARLP represent the LTIPs that Mr. Napolitano has earned pursuant to the terms of his grant under the Company's 2018 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.

SEC source: 0001209191-21-007207 · doc4.xml · derivative · entry 1

Blacksberg Jason · CIK 0001608055 · Sr. VP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96,033

Underlying: Common Shares of Beneficial Interest · 968 shares

Expires not disclosed

F1 · shares: Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2018 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2022 and 2023, based on continued employment with the Company.

F2 · derivative.exercise_date: These LTIP Units in ARLP represent the LTIPs that Mr. Blacksberg has earned pursuant to the terms of his grant under the Company's 2018 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.

F2 · derivative.expiration_date: These LTIP Units in ARLP represent the LTIPs that Mr. Blacksberg has earned pursuant to the terms of his grant under the Company's 2018 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.

SEC source: 0001209191-21-007202 · doc4.xml · derivative · entry 1

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,467,519

Underlying: Common Shares of Beneficial Interest · 9,682 shares

Expires not disclosed

F1 · shares: Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2018 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2022 and 2023,based on continued employment with the Company.

F2 · derivative.exercise_date: These LTIP Units in ARLP represent the LTIPs that Mr. Bernstein has earned pursuant to the terms of his grant under the Company's 2018 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.

F2 · derivative.expiration_date: These LTIP Units in ARLP represent the LTIPs that Mr. Bernstein has earned pursuant to the terms of his grant under the Company's 2018 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.

SEC source: 0001209191-21-007198 · doc4.xml · derivative · entry 1

Gottfried John J. · CIK 0001678486 · Sr. VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 81,973

Underlying: Common Shares of Beneficial Interest · 1,492 shares

Expires not disclosed

F1 · shares: Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2018 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2022 and 2023, based on continued employment with the Company.

F2 · derivative.exercise_date: These LTIP Units in ARLP represent the LTIPs that Mr. Gottfried has earned pursuant to the terms of his grant under the Company's 2018 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.

F2 · derivative.expiration_date: These LTIP Units in ARLP represent the LTIPs that Mr. Gottfried has earned pursuant to the terms of his grant under the Company's 2018 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.

SEC source: 0001209191-21-007194 · doc4.xml · derivative · entry 1

Conlon Christopher · CIK 0001514903 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,679

Underlying: Common Shares of Beneficial Interest · 3,098 shares

Expires not disclosed

F1 · shares: Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2018 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2022 and 2023, based on continued employment with the Company.

F2 · derivative.exercise_date: These LTIP Units in ARLP represent the LTIPs that Mr. Conlon has earned pursuant to the terms of his grant under the Company's 2018 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.

F2 · derivative.expiration_date: These LTIP Units in ARLP represent the LTIPs that Mr. Conlon has earned pursuant to the terms of his grant under the Company's 2018 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.

SEC source: 0001209191-21-004316 · doc4.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,017

F1 · shares: All of these shares are "phantom shares" that were previously reported as being granted in connection with the payment of annual Trustee fees in prior years and represent the share equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Company's Deferred Compensation Plan (the "DCP"). The DCP requires that all phantom shares be settled in common shares and not in cash.

F2 · price: These shares were sold in 21 separate sales transactions at a weighted average sales price of $15.4643 pursuant to a 10b5-1 plan Ms. Luscombe previously put into place. The actual price at which these shares were sold range from $15.27 to $15.56 per share. Ms. Luscombe will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price

F3 · balance_after: Includes 578 of phantom shares related to dividends earned by Ms. Luscombe under the DCP that were not previously reported. Under the DCP, such dividends are required to be credited as additional phantom shares.

SEC source: 0001209191-20-027745 · doc4.xml · nonDerivative · entry 2

THURBER LYNN C · CIK 0001042559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,960

F2 · shares: 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, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan.

SEC source: 0001209191-20-027745 · doc4.xml · nonDerivative · entry 1

THURBER LYNN C · CIK 0001042559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,564

F1 · shares: 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 Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2021.

SEC source: 0001209191-20-027695 · doc4.xml · derivative · entry 2

ZOBA C DAVID · CIK 0001223605 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,489

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 8,396 shares

Expires not disclosed

F2 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

F2 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-20-027695 · doc4.xml · derivative · entry 1

ZOBA C DAVID · CIK 0001223605 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,093

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 6,997 shares

Expires not disclosed

F1 · derivative.exercise_date: 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. Zoba'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, 2021. There is no expiration date for the conversion of LTIP Units.

F1 · derivative.expiration_date: 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. Zoba'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, 2021. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-20-027692 · doc4.xml · derivative · entry 2

WIELANSKY LEE S · CIK 0001218914 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,512

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 8,396 shares

Expires not disclosed

F2 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

F2 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-20-027692 · doc4.xml · derivative · entry 1

WIELANSKY LEE S · CIK 0001218914 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,116

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 6,997 shares

Expires not disclosed

F1 · derivative.exercise_date: 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. Wielansky'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, 2021. There is no expiration date for the conversion of LTIP Units.

F1 · derivative.expiration_date: 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. Wielansky'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, 2021. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-20-027685 · doc4.xml · nonDerivative · entry 2

Spitz William T. · CIK 0001411029 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,723

F2 · shares: 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, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan.

SEC source: 0001209191-20-027685 · doc4.xml · nonDerivative · entry 1

Spitz William T. · CIK 0001411029 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,327

F1 · shares: 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. Spitz'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. These shares shall vest on May 9, 2021.

SEC source: 0001209191-20-027682 · doc4.xml · nonDerivative · entry 1

LUSCOMBE WENDY W · CIK 0001241950 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,939

F1 · shares: This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Issuer's Deferred Compensation Plan. The deferred shares shall vest according to the following schedule:one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan.

F2 · balance_after: Includes 612 shares earned under the Company's deferred compensation plan that were not previously reported.

SEC source: 0001209191-20-027678 · doc4.xml · derivative · entry 2

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,421

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 8,396 shares

Expires not disclosed

F2 · derivative.exercise_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

F2 · derivative.expiration_date: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-20-027678 · doc4.xml · derivative · entry 1

KELLAR LORRENCE T · CIK 0001056160 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,025

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 3,498 shares

Expires not disclosed

F1 · derivative.exercise_date: 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. Kellar'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, 2021. There is no expiration date for the conversion of LTIP Units.

F1 · derivative.expiration_date: 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. Kellar'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, 2021. There is no expiration date for the conversion of LTIP Units.

SEC source: 0001209191-20-027676 · doc4.xml · nonDerivative · entry 2

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,995

F3 · shares: 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, 2021, one-third shall vest on May 9, 2022 and the remaining third shall vest on May 9, 2023, pursuant to the Trust Compensation Plan.

SEC source: 0001209191-20-027676 · doc4.xml · nonDerivative · entry 1

CROCKER DOUGLAS II · CIK 0001195500 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,599

F1 · shares: 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 262 credit to his deferred account pursuant to the Issuer's Deferred Compensation Plan. These shares shall vest on May 9, 2021.

F2 · balance_after: Includes 646 shares earned under the Company's deferred compensation plan that were not previously reported.

SEC source: 0001209191-20-019547 · doc4.xml · nonDerivative · entry 1

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 354,593

SEC source: 0001209191-23-035251 · doc4a.xml · nonDerivative · entry 9

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 354,593

F1 · kind: This Form 4 is being amended to correct the reporting of this open market purchase, which was inadvertently coded with an "A" code rather than a "P" code. The original Form 4 was filed timely. The reporting person did not engage in any sales within six months of the transaction.

SEC source: 0001209191-20-019233 · doc4.xml · nonDerivative · entry 1

BERNSTEIN KENNETH F · CIK 0001219735 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 348,316

SEC source: 0001209191-20-019630 · doc4.xml · nonDerivative · entry 2

Gottfried John J. · CIK 0001678486 · Sr. VP and CFO

10b5-1 filing: Not disclosed

Ownership: Indirect · Spouse's IRA

Disclosed balance after: 2,200