|ACADIA REALTY TRUST filed this Form DEF 14A on 03/26/2019|
2018 Compensation Snapshot
The following table highlights target 2018 compensation as compared to approved 2018 compensation amounts for all NEOs. The compensation amounts reflect the approved cash payouts under the annual cash bonus plan (excluding any additional value in connection with elected deferrals) and the full intended value of the annual equity awards. Additionally, because no Promote distributions were paid to NEOs in 2018, the Long-Term Incentive Alignment Program is not shown.
Mr. Braun retired from the Company effective December 31, 2018. For details of Mr. Braun’s 2018 compensation please see page 33.
(1) Represents the cash bonus plan payout in 2018 excluding any additional value in connection with elected deferrals.
(2) Represents the approved value of 2018 equity awards (which are granted in the next fiscal year for the previous year’s performance).
Shareholder Say-on-Pay Vote
At the 2018 Annual Meeting, the Company’s shareholders approved, on a non-binding advisory basis, the Company’s executive compensation plan with a vote of approximately 98.6%, which the Company believes affirms strong shareholder support of its executive compensation program. The Compensation Committee is committed to reviewing the results of the advisory say-on-pay vote, market practices and governance standards on an annual basis and making changes as appropriate.