ACADIA REALTY TRUST
For the period ended Mar 25, 2025. Filed Mar 25, 2025.
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Mar 25, 2025 · Filed Mar 25, 2025
Contents
SUMMARY COMPENSATION TABLE
The following table lists the annual compensation for the fiscal years 2024, 2023 and 2022 awarded to the NEOs. Compensation included in the table relating to bonus and share awards reflect amounts granted with respect to the periods reflected.
For information relating to the elements of compensation discussed in the Summary Compensation Table, please refer to the “Compensation Discussion and Analysis” above.
| Name and Principal Position · Year · Salary ($) · Bonus($) · Stock Awards ($) (1) · Option Awards ($) · Non-Equity Incentive Plan Compensation ($) · Change in Pension Value and Nonqualified Deferred Compensation Earnings($) · All Other Compensation ($) (3) · Total ($) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Kenneth F. Bernstein | 2024 | 850,000 | — | 3,315,800 | — | 2,059,264 | (2) | — | 10,638 | 6,235,702 |
| Chief Executive | 2023 | 850,000 | — | 3,359,692 | — | 1,903,182 | (2) | — | 10,188 | 6,123,062 |
| Officer and President | 2022 | 850,000 | — | 3,608,086 | — | 1,686,550 | (2) | — | 9,438 | 6,154,074 |
| (Principal Executive Officer) | ||||||||||
| John Gottfried | 2024 | 509,000 | — | 929,715 | — | 503,938 | (2) | — | 10,638 | 1,953,291 |
| Chief Financial Officer | 2023 | 494,000 | — | 1,033,460 | — | 445,433 | (2) | — | 10,188 | 1,983,081 |
| and Executive Vice President | 2022 | 475,000 | — | 1,013,962 | — | 969,727 | (2) | — | 9,438 | 2,468,127 |
| (Principal Financial Officer) | ||||||||||
| Jason Blacksberg | 2024 | 487,000 | — | 574,245 | — | 484,313 | (2) | — | 10,638 | 1,556,196 |
| Chief Legal Officer | 2023 | 473,000 | — | 638,335 | — | 502,526 | (2) | — | 10,188 | 1,624,049 |
| and Executive Vice President | 2022 | 455,000 | — | 620,854 | — | 574,688 | (2) | — | 9,438 | 1,659,980 |
| Joseph Napolitano | 2024 | 402,000 | — | 492,211 | — | 399,023 | (2) | — | 10,638 | 1,303,872 |
| Chief Administrative | 2023 | 390,000 | — | 547,116 | — | 415,815 | (2) | — | 10,181 | 1,363,112 |
| Officer and Senior Vice President | 2022 | 375,000 | — | 555,406 | — | 473,637 | (2) | — | 9,413 | 1,413,456 |
| Reginald Livingston | 2024 | 412,000 | — | 382,805 | — | — | — | 10,638 | 805,443 | |
| Chief Investment | ||||||||||
| Officer and Executive Vice President | ||||||||||
Notes:
(1) Pursuant to SEC rules, the amounts disclosed in this column reflects the grant date fair value of each Restricted Share Unit and Restricted LTIP Unit award calculated in accordance with ASC Topic 718. The grant date fair values of performance-based awards included in this table were calculated based on the outcome of performance measured at probable achievement of the performance metrics, which we deemed to be at maximum levels. For further information as to the Company's Restricted Share Unit and Restricted LTIP Unit awards issued to employees, see Note 13 (Share Incentive and Other Compensation) to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on February 14, 2025.
(2) Cash bonus was received in the form of Restricted LTIP Units. The number of Restricted LTIP Units granted in connection with this portion of the LTIP Unit award were at a 20% discount as discussed above for 2023 performance but granted in 2024.
(3) Detail reflected in the All Other Compensation Table below.
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