X0508 4 2024-01-18 0 0000899629 ACADIA REALTY TRUST AKR 0001219735 BERNSTEIN KENNETH F C/O ACADIA REALTY TRUST 411 THEODORE FREMD AVE RYE NY 10580 1 1 0 0 President and CEO 0 Limited Partnership Units 0.00 2024-01-18 2024-01-18 4 A 0 59760 0.00 A Common Shares of Beneficial Interest 59760 2143333 D Represents limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") granted to the employee under the Company's 2021 outperformance plan. Of these LTIP Units, 60% are currently vested with the remaining 40% to vest ratably on January 6, 2025 and 2026,based on continued employment by the Company. These LTIP Units in ARLP represent the LTIPs that Mr. Bernstein has earned pursuant to the terms of his grant under the Company's 2021 outperformance plan, the amount of which depended on achieving certain performance criteria. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units. /s/ Kenneth Bernstein 2024-01-22