Acadia Realty Trust Files Definitive Proxy Statement

TL;DR

<b>Acadia Realty Trust filed its DEF 14A proxy statement on March 22, 2024, detailing executive compensation adjustments.</b>

AI Summary

ACADIA REALTY TRUST (AKR) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. Acadia Realty Trust (AKR) filed a Definitive Proxy Statement (DEF 14A) on March 22, 2024. The filing covers the fiscal year ending December 31, 2023. The company was formerly known as Mark Centers Trust, with a name change on March 29, 1993. The filing includes details on executive compensation, specifically related to stock awards and option awards. It details adjustments to compensation based on the fair value of awards granted and forfeited/vested over various fiscal years.

Why It Matters

For investors and stakeholders tracking ACADIA REALTY TRUST, this filing contains several important signals. This filing provides transparency into how executive compensation is calculated, particularly the impact of stock and option awards, and their changes in fair value. Investors can use this information to assess the alignment between executive pay and company performance, as well as the methodologies used for valuing equity-based compensation.

Risk Assessment

Risk Level: low — ACADIA REALTY TRUST shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial results or significant operational updates, indicating a low level of immediate risk.

Analyst Insight

Review the executive compensation details and the methodology for calculating stock and option award values to understand potential impacts on shareholder value.

Key Numbers

• 2024-03-22 — Filing Date (DEF 14A filing date)
• 2023-12-31 — Fiscal Year End (Reporting period)
• 1993-03-29 — Name Change Date (Former company name Mark Centers Trust)

Key Players & Entities

• ACADIA REALTY TRUST (company) — Filer
• AKR (company) — Ticker Symbol
• DEF 14A (document) — Filing Type
• 2024-03-22T00:00:00.000Z (date) — Filing Date
• Mark Centers Trust (company) — Former Company Name
• 19930329 (date) — Date of Name Change
• 2023-12-31 (date) — Fiscal Year End
• 411 THEODORE FREMD AVENUE (address) — Business Address

FAQ

Industry Context

Acadia Realty Trust operates as a Real Estate Investment Trust (REIT). This filing is a standard disclosure for publicly traded companies regarding corporate governance and executive compensation.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information relevant to shareholders, particularly concerning executive pay and voting matters.

What Investors Should Do

1. Analyze the executive compensation breakdown for PEO and Non-PEO members.
2. Examine the adjustments made to compensation based on ASC 718 fair value changes for stock and option awards.
3. Compare the disclosed compensation methodologies with industry standards for REITs.

Key Dates

• 2024-03-22: DEF 14A Filing — Filing of Definitive Proxy Statement
• 1993-03-29: Name Change — Former company name Mark Centers Trust changed

Glossary

DEF 14A

Definitive Proxy Statement (Required filing for companies holding shareholder meetings to provide information on matters to be voted on, including executive compensation.)

ASC 718

Accounting Standards Codification Topic 718, Compensation - Stock Compensation (Governs the accounting for share-based payments, including stock awards and options, impacting the fair value calculations disclosed in the filing.)

Year-Over-Year Comparison

This filing is a DEF 14A, which is a routine disclosure. No prior filing data for comparison is provided in the input.

Key Financial Figures

• $3.5 billion — sponsible for managing the University's $3.5 billion endowment. He was also a member of the
• $55 billion — estate money management firm with over $55 billion of assets under management, investing i

Filing Documents

• akr-20240322.htm (DEF 14A) — 2432KB
• img202231592_0.jpg (GRAPHIC) — 180KB
• img202231592_1.jpg (GRAPHIC) — 7KB
• img202231592_2.jpg (GRAPHIC) — 5KB
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• img202231592_6.jpg (GRAPHIC) — 5KB
• img202231592_7.jpg (GRAPHIC) — 5KB
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• img202231592_9.jpg (GRAPHIC) — 5KB
• img202231592_10.jpg (GRAPHIC) — 5KB
• img202231592_11.jpg (GRAPHIC) — 5KB
• img202231592_12.jpg (GRAPHIC) — 5KB
• img202231592_13.jpg (GRAPHIC) — 5KB
• img202231592_14.jpg (GRAPHIC) — 96KB
• img202231592_15.jpg (GRAPHIC) — 147KB
• img202231592_16.jpg (GRAPHIC) — 581KB
• img202231592_17.jpg (GRAPHIC) — 7KB
• 0000950170-24-035367.txt (&nbsp;) — 5743KB
• akr-20240322.xsd (EX-101.SCH) — 27KB
• akr-20240322_htm.xml (XML) — 278KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [X] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material under 240.14a-12 Acadia Realty Trust (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): [X] No fee required. [ ] Fee paid previously with preliminary materials. [ ] Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 2, 2024 TO THE COMPANY'S SHAREHOLDERS: Please take notice that the annual meeting of shareholders (the "Annual Meeting") of Acadia Realty Trust, a Maryland real estate investment trust (the "Company", "Acadia", "we", "us" or "our"), will be held on Thursday, May 2, 2024, at 1:00 p.m., EDT time. This year's Annual Meeting will be a completely virtual meeting of shareholders. You will be able to attend the Annual Meeting, vote and submit your questions during the Annual Meeting via live webcast by visiting www.virtualshareholdermeeting.com/AKR24. Prior to the Annual Meeting, you will be able to authorize a proxy to vote your shares at www.proxyvote.com . The Annual Meeting will be held for the purpose of considering and voting upon: 1. The election of eight individuals as Trustees, each to hold office until the next annual meeting of shareholders and until their successors are duly elected and qualify; 2. The ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2024; 3. The approval, on a non-binding advisory basis, of the compensation of the Company's Named Executive Officers as disclosed in the accompanying Proxy Statement; and 4. Such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof. The Board of Trustees of the Company recommends a vote "FOR" each of the nominees for election as a Trustee and "FOR" each of proposals 2 and 3. You should carefully review the accompanying Proxy Statement which contains additional information on each of the proposals. The Board of Trustees has fixed the close of business on March 5, 2024 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting and any postponement or adjournment thereof. By order of the Board of Trustees Jason Blacksberg, Secretary March 22, 2024 SHAREHOLDERS, WHETHER OR NOT THEY EXPECT TO ATTEND THE VIRTUAL MEETING, ARE REQUESTED TO AUTHORIZE A PROXY TO VOTE THEIR SHARES ELECTRONICALLY VIA THE INTERNET OR BY COMPLETING AND RETURNING THE PROXY CARD, IF YOU REQUESTED PAPER PROXY MATERIALS. VOTING INSTRUCTIONS ARE PROVIDED IN THE NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS, OR, IF YOU REQUESTED PRINTED MATERIALS, THE INSTRUCTIONS ARE PRINTED ON YOUR PROXY CARD AND INCLUDED IN THE ACCOMPANYING PROXY STATEMENT. ANY PERSON GIVING A PROXY HAS THE POWER TO REVOKE IT AT ANY TIME PRIOR TO THE MEETING, AND SHAREHOLDERS WHO ATTEND THE MEETING MAY WITHDRAW THEIR PROXIES AND VOTE DURING THE MEETING. WE NOTE THAT ATTENDANCE ALONE IS NOT SUFFICIENT TO REVOKE A PREVIOUSLY AUTHORIZED PROXY. IT IS IMPORTANT THAT YOU VOTE YOUR COMMON SHARES. YOUR FAILURE TO PROMPTLY VOTE YOUR SHARES INCREASES THE OPERATING COSTS OF YOUR INVESTMENT. 1 YOU ARE CORDIALLY INVITED TO ATTEND THE VIRTUAL MEETING VIA LIVE WEBCAST BY VISITING WWW.VIRTUALSHAREHOLDERMEETING.COM/AKR24 , BUT YOU SHOULD SUBMIT A PROXY BY INTERNET OR MAIL PRIOR TO THE MEETING, WHETHER OR NOT YOU PLAN TO ATTEND. ACADIA REALTY TRUST 411 THEODORE FREMD AVENUE, SUITE 300, RYE, NEW YORK 10580 PROXY STATEMENT FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD May 2, 2024 GENERAL INFORMATION This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Trustees (the "Board of Trustees" or the "Board") of Acadia Realty Trust, a Maryland real estate investment trust (the "Company"), for exercise at the annual meeting of shareholders scheduled to be held on Thursday, May 2, 2024, at 1:00 p.m., EDT time, via live webcast at www.virtualshareholdermeeting.com/AKR24, or any postponement or adjournment thereof (the "Annual Meeting"). This Proxy Statement and accompanying form of proxy were first sent to shareholders on or about March 24, 2024. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on May 2, 2024. This Proxy S

View Full Filing

View this DEF 14A filing on SEC EDGAR