Napolitano Joseph

SEC source: 0001193125-26-061378 · ownership.xml · derivative · entry 1

Napolitano Joseph · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 258,436

Underlying: Common Shares of Beneficial Interests · 44,910 shares

Expires not disclosed

F1 · security: Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common 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 Common Units.

F2 · derivative.exercise_date: On February 18, 2026, Mr. Napolitano was awarded these restricted LTIP Units in ARLP. Of the 44,910 LTIP Units granted to Mr. Napolitano, (i) 14,461 will vest in equal amounts on January 6, 2027 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 30,449 will vest in equal amounts on January 6, 2027 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Napolitano continues to be employed on the vesting date and subject to customary exceptions. In connection with Mr. Napolitano's expected retirement, the Company's Compensation Committee has approved the acceleration of these awards effective on or about April 1, 2026.

F3 · derivative.exercise_date: 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 and absolute performance of the Company's same-property income.

F2 · derivative.expiration_date: On February 18, 2026, Mr. Napolitano was awarded these restricted LTIP Units in ARLP. Of the 44,910 LTIP Units granted to Mr. Napolitano, (i) 14,461 will vest in equal amounts on January 6, 2027 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 30,449 will vest in equal amounts on January 6, 2027 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Napolitano continues to be employed on the vesting date and subject to customary exceptions. In connection with Mr. Napolitano's expected retirement, the Company's Compensation Committee has approved the acceleration of these awards effective on or about April 1, 2026.

F3 · derivative.expiration_date: 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 and absolute performance of the Company's same-property income.

SEC source: 0001193125-26-022832 · ownership.xml · derivative · entry 1

Napolitano Joseph · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 213,526

Underlying: Common Shares of Beneficial Interests · 29,546 shares

Expires not disclosed

F1 · security: Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common 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 Common Units.

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 2023 outperformance plan, the amount of which depended on achieving certain performance criteria. The LTIPs are exchangeable on a 1:1 basis for Common 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 Common 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 2023 outperformance plan, the amount of which depended on achieving certain performance criteria. The LTIPs are exchangeable on a 1:1 basis for Common 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 Common Units.

SEC source: 0000950170-25-037183 · ownership.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 183,980

Underlying: Common Shares of Beneficial Interest · 46,567 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 · security: Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common 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 Common Units.

F3 · derivative.exercise_date: These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant.

F3 · derivative.expiration_date: These LTIP Units in ARLP represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant.

SEC source: 0000950170-25-037183 · ownership.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118

F1 · price: These shares were sold in several separate sales transactions at a weighted average price of $22.39. The actual price at which these shares were sold range from $22.22 to $22.53 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: 0000950170-25-037183 · ownership.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,685

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: 0000950170-25-023216 · ownership.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 230,547

Underlying: Common Shares of Beneficial Interest · 37,746 shares

Expires not disclosed

F1 · security: Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common 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 Common Units.

F2 · derivative.exercise_date: On February 14, 2025, Mr. Napolitano was awarded these restricted long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). Of the 37,746 LTIP Units granted to Mr. Napolitano, (i) 9,736 will vest in equal amounts on January 6, 2026 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 28,010 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; in each case, provided that Mr. Napolitano continues to be employed on the vesting date and subject to customary exceptions.

F3 · derivative.exercise_date: 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 and absolute performance of the Company's same-property income.

F2 · derivative.expiration_date: On February 14, 2025, Mr. Napolitano was awarded these restricted long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). Of the 37,746 LTIP Units granted to Mr. Napolitano, (i) 9,736 will vest in equal amounts on January 6, 2026 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 28,010 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; in each case, provided that Mr. Napolitano continues to be employed on the vesting date and subject to customary exceptions.

F3 · derivative.expiration_date: 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 and absolute performance of the Company's same-property income.

SEC source: 0000950170-25-014729 · ownership.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 192,801

Underlying: Common Shares of Beneficial Interest · 13,693 shares

Expires not disclosed

F1 · security: Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2022 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2026 and 2027, based on continued employment by 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 2022 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 2022 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: 0001209191-24-004417 · doc4.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 179,108

Underlying: Common Shares of Beneficial Interest · 49,525 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: 0001209191-24-004417 · doc4.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118

F1 · price: These shares were sold in 2 separate sales transactions at a weighted average sales price of $16.7715. The actual price at which these shares were sold range from $16.76 to $16.79 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: 0001209191-24-004417 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 49,643

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: 0001209191-24-003664 · doc4.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 228,633

Underlying: Common Shares of Beneficial Interest · 42,041 shares

Expires not disclosed

F1 · derivative.exercise_date: On February 16, 2024, Mr. Napolitano was awarded these restricted long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 42,041 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2025 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 and absolute performance of the Company's same-property income.

F1 · derivative.expiration_date: On February 16, 2024, Mr. Napolitano was awarded these restricted long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 42,041 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2025 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 and absolute performance of the Company's same-property income.

SEC source: 0001209191-24-004415 · doc4a.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 228,633

Underlying: Common Shares of Beneficial Interest · 42,041 shares

Expires not disclosed

F1 · security: Represents long-term incentive partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP"). The LTIPs are exchangeable on a 1:1 basis for common partnership units of ARLP ("Common 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 Common Units.

F2 · derivative.exercise_date: This Form 4/A is filed solely to correct the vesting terms described in the initial Form 4 as follows: of the 42,041 LTIPs granted to Mr. Napolitano, (i) 13,189 will vest in equal amounts on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 28,852 will vest in equal amounts on January 6, 2025 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Napolitano continues to be employed on the vesting date and subject to customary exceptions.

F2 · derivative.expiration_date: This Form 4/A is filed solely to correct the vesting terms described in the initial Form 4 as follows: of the 42,041 LTIPs granted to Mr. Napolitano, (i) 13,189 will vest in equal amounts on January 6, 2025 and on each of the first, second, third and fourth anniversaries thereof, and (ii) 28,852 will vest in equal amounts on January 6, 2025 and on each of the first and second anniversaries thereof, and will be subject to a post-vesting two-year hold period; in each case, provided that Mr. Napolitano continues to be employed on the vesting date and subject to customary exceptions.

SEC source: 0001209191-24-002009 · doc4.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 186,592

Underlying: Common Shares of Beneficial Interest · 7,090 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 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.

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 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.

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 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.

SEC source: 0001209191-23-033323 · doc4.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 179,502

Underlying: Common Shares of Beneficial Interest · 54,040 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: 0001209191-23-033323 · doc4.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118

F1 · price: These shares were sold in 10 separate sales transactions at a weighted average sales price of $12.92. The actual price at which these shares were sold range from $12.87 to $12.96 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: 0001209191-23-033323 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 54,158

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: 0001209191-23-011629 · doc4.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 233,542

Underlying: Common Shares of Beneficial Interest · 43,954 shares

Expires not disclosed

F1 · derivative.exercise_date: On February 17, 2023, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 43,954 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2024 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 and absolute performance of the Company's same-property income.

F1 · derivative.expiration_date: On February 17, 2023, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 43,954 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2024 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 and absolute performance of the Company's same-property income.

SEC source: 0001209191-22-018459 · doc4.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 189,588

Underlying: Common Shares of Beneficial Interest · 13,000 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: 0001209191-22-018459 · 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 112 separate sales transactions at a weighted average sales price of $21.95. The actual price at which these shares were sold range from $21.95 to $22.12 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: 0001209191-22-018459 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,118

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: 0001209191-22-012207 · doc4.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,588

Underlying: Common Shares of Beneficial Interest · 38,372 shares

Expires not disclosed

F1 · derivative.exercise_date: On February 18, 2022, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 38,372 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2023 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, 2022, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 38,372 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2023 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: 0001209191-21-050712 · 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 36 separate sales transactions at a weighted average sales price of $21.5333. The actual price at which these shares were sold range from $21.43 to $21.66 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: 0001209191-21-050712 · doc4.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 164,216

Underlying: Common Shares of Beneficial Interest · 10,000 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: 0001209191-21-050712 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,118

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: 0001209191-21-020842 · 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: 0001209191-21-020842 · 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: 0001209191-21-012687 · 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: 0001209191-21-007214 · 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: 0001209191-20-014434 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118

F1 · price: These shares were sold in several separate sales transactions at a weighted average sales price of $22.5721. The actual price at which these shares were sold range from $22.50 to $22.64 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: 0001209191-20-013109 · doc4.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,501

F1 · price: These shares were sold in 5 separate sales transactions at a weighted average sales price of $24.9035. The actual price at which these shares were sold range from $24.90 to $24.91 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: 0001209191-20-013109 · doc4.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 144,069

Underlying: Common Shares of Beneficial Interest · 13,830 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: 0001209191-20-013109 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,948

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: 0001209191-20-009702 · doc4.xml · derivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 157,899

Underlying: Common Shares of Beneficial Interest · 22,730 shares

Expires not disclosed

F1 · shares: On February 13, 2020, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 22,730 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2021 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 market 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 13, 2020, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 22,730 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2021 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 market 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 13, 2020, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 22,730 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2021 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 market 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: 0001209191-19-010608 · doc4.xml · derivative · entry 4

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,169

Underlying: Common Shares of Beneficial Interest · 13,000 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: 0001209191-19-010608 · doc4.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118

SEC source: 0001209191-19-010608 · doc4.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,118

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: 0001209191-19-010608 · doc4.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. VP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 148,169

Underlying: Common Shares of Beneficial Interest · 18,052 shares

Expires not disclosed

F1 · shares: On February 14, 2019, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 18,052 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2020 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 14, 2019, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 18,052 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2020 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 14, 2019, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 18,052 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2020 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: 0000899629-18-000075 · wf-form4_153488378069999.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 130,117

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 4,500 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 limited partnership units ("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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F2 · derivative.expiration_date: These limited partnership units ("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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

SEC source: 0000899629-18-000075 · wf-form4_153488378069999.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118

F1 · price: These shares were sold in 5 separate sales transactions at a weighted average sales price of $28.51. The actual price at which these shares were sold range from $28.50 to $28.54 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: 0000899629-18-000075 · wf-form4_153488378069999.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,618

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: 0000899629-18-000024 · wf-form4_152037173722759.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 134,617

Underlying: Common Shares of Beneficial Interest - $.001 Par Value · 14,626 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.

F1 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

SEC source: 0000899629-18-000024 · wf-form4_152037173722759.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118

F2 · price: These shares were sold in 9 separate sales transactions at a weighted average price of $25.26. The actual price at which these shares were sold range from $25.25 to $25.35 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: 0000899629-18-000024 · wf-form4_152037173722759.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,744

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.

F1 · acquired: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Napolitano which vested in accordance with the terms of each grant, and were previously reported as Table 1 Securities due to a ministerial error. The LTIPs were exchanged on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, were exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust ("Common Shares"). There is no expiration date for the conversion of LTIP Units or OP Units.

SEC source: 0000899629-18-000022 · wf-form4_151985689241075.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 149,243

F1 · shares: On February 26, 2018, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 20,856 LTIP Units shall vest as follows:equal amounts shall vest on January 6, 2019 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.

F2 · balance_after: This number represents the total number of LTIP Units now held by Mr. Napolitano and reflects an adjustment to the total LTIP Units previously reported as beneficially owned by Mr. Napolitano.

SEC source: 0000899629-17-000014 · wf-form4_148849571758968.xml · nonDerivative · entry 1

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 130,541

F1 · shares: On February 28, 2017, Mr. Napolitano was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 15,624 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2018 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. 50% of the remaining 8,333 LTIP Units will vest subject to the same schedule and Mr. Napolitano's continued employment and the other 50% as follows: 60% shall vest on January 6, 2020, subject to Mr. Napolitano's continued employment and the Company achieving certain cumulative benchmarks established by the Company's Board of Trustees. Provided that the initial 60% vests as described above and further provided that Mr. Napolitano is continuously employed by the Company, 20% shall vest on January 6, 2021 and 20% shall vest on January 6, 2022.

F2 · balance_after: This number represents the total number of LTIP Units (68,469 vested and 62,072 unvested) now held by Mr. Napolitano.

SEC source: 0000899629-17-000006 · wf-form4_148788610711476.xml · derivative · entry 5

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Operating Partnership Units · 7,500 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.

F1 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F6 · balance_after: This number represents the total number of OP Units held by Mr. Napolitano following the conversion of 7,500 OP Units into an equal number of Common Shares, as reported in this Form 4.

SEC source: 0000899629-17-000006 · wf-form4_148788610711476.xml · derivative · entry 4

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,500

Underlying: Operating Partnership Units · 7,500 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.

F1 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F5 · balance_after: This number represents the total number of OP Units held by Mr. Napolitano following the conversion of 7,500 LTIP Units into an equal number of OP Units, as reported in this Form 4.

SEC source: 0000899629-17-000006 · wf-form4_148788610711476.xml · derivative · entry 3

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 106,585

Underlying: Operating Partnership Units · 7,500 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.

F1 · derivative.exercise_price: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.exercise_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F1 · derivative.expiration_date: These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

F4 · balance_after: This number represents the total number of LTIP Units (68,469 vested and 38,116 unvested) held by Mr. Napolitano following the conversion of 7,500 LTIP Units into an equal number of OP Units, as reported in this Form 4.

SEC source: 0000899629-17-000006 · wf-form4_148788610711476.xml · nonDerivative · entry 2

NAPOLITANO JOSEPH · CIK 0001218913 · Sr. Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118

F2 · price: These shares were sold in 31 separate sales transactions at a weighted average sales price of $32.17. The actual price at which these shares were sold range from $32.06 to $32.30 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.

F3 · balance_after: This number represents the total number of Common Shares (all vested) held by Mr. Napolitano at this time.