Real Estate

Acadia Realty Trust Executive Compensation (FY25)

AKR · Rye, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Kenneth Bernstein
Latest say-on-pay support
=
May 13, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 13, 2026
16 filings cited on this page
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Acadia Realty Trust brief$1,500Get the executive brief
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335 figures on this page: 325 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kenneth Bernstein: $6,235,702 → $6,922,230 (11.0% higher)
CEO pay ratio: 49:1 → 51:1 (4.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Acadia Realty Trust's chief executive and what were they paid?
Kenneth Bernstein, Chief Executive Officer and President, received $6,922,230 in total compensation for fiscal 2025. Bernstein's total moved 11.0% higher from the $6,235,702 reported for fiscal 2024.
What was Acadia Realty Trust's say-on-pay result?
The say-on-pay proposal drew 94.9% support at the meeting held May 13, 2026 for fiscal 2025.
Which companies are in Acadia Realty Trust's peer group?
Companies named in the disclosed peer group include Agree Realty Corporation, Brixmor Property Group Inc., CBL & Associates Properties, Inc., Curbline Properties Corp. and Essential Properties Realty Trust, Inc., among others.
What is Acadia Realty Trust's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 51:1, against median employee compensation of $137,000.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth Bernstein
Chief Executive Officer and President
◇—◇—◇—◇◇
John Gottfried
Executive Vice President
◇—◇—◇—◇◇
Joseph Napolitano
Senior Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth Bernstein
Chief Executive Officer and President
◇—◇—◇—◇◇
John Gottfried
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Jason Blacksberg
Senior Vice President and Chief Legal Officer
◇—◇—◇—◇◇
Joseph Napolitano
Senior Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth Bernstein
Chief Executive Officer and President
◇—◇—◇—◇◇
John Gottfried
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Jason Blacksberg
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Joseph Napolitano
Senior Vice President and Chief Administrative Officer
◇—◇—◇—◇◇
Reginald Livingston
Executive Vice President, Chief Investment Officer
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth Bernstein
Chief Executive Officer and President
◇—◇—◇—◇◇
John Gottfried
Chief Financial Officer and Executive Vice President
◇—◇—◇—◇◇
Jason Blacksberg
Chief Legal Officer and Executive Vice President
◇—◇—◇—◇◇
Joseph Napolitano
Chief Administrative Officer and Senior Vice President
◇—◇—◇—◇◇
Reginald Livingston
Chief Investment Officer and Executive Vice President
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Kenneth F. BernsteinPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kenneth BernsteinRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Jason BlacksbergRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
John GottfriedRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Joseph NapolitanoPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Reginald LivingstonRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Jason Blacksberg
Chief Legal Officer and Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
John Gottfried
Chief Financial Officer and Executive Vice President · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Joseph Napolitano
Chief Administrative Officer and Senior Vice President · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Kenneth Bernstein
Chief Executive Officer and President · Employment agreement · citing a 2014 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Reginald Livingston
Chief Investment Officer and Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lee S. Wielansky
◇◇———◇◇
C. David Zoba
◇◇———◇◇
Mark A. Denien
—◇———◇◇
Lynn C. Thurber
—◇———◇◇
William T. Spitz
◇◇———◇◇
Kenneth A. McIntyre
◇◇———◇◇
Hope B. Woodhouse
◇◇———◇◇
Kenneth F. Bernstein served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Agree Realty Corporation ADC
  • Brixmor Property Group Inc. BRX
  • CBL & Associates Properties, Inc. CBL
  • Curbline Properties Corp. CURB
  • Essential Properties Realty Trust, Inc. EPRT
  • InvenTrust Properties Corp. IVT
  • JBG SMITH Properties JBGS
  • Kite Realty Group Trust KRG
  • Phillips Edison & Co., Inc. PECO
  • Tanger, Inc. SKT
  • The Macerich Company MAC
  • Urban Edge Properties UE

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022May 4, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 10, 2018=◇◇◇
2015May 9, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Kenneth Bernstein (Chief Executive Officer and President), FY2025 total compensation $6,922,230 (base salary $850,000) [exec_comp, SEC accession 0001193125-26-134606, filed 2026-03-31]

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What this page does not include

Everything above is a fact Acadia Realty Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Acadia Realty Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
335 figures on this page: 325 cited to the filing that reported them, 10 calculated from figures it prints.
325 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001193125-26-221662
    Proposal No. 3: Advisory (Non-Binding) Approval of Named Executive Officer Compensation
  2. 0001193125-26-134606
    ALL OTHER COMPENSATION TABLE · Director Compensation table · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END · SUMMARY COMPENSATION TABLE · and 2 more sections
  3. 0000950170-25-067062
    Proposal No. 3: Advisory (Non-Binding) Approval of Named Executive Officer Compensation
  4. 0000950170-25-044420
    Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE
  5. 0000950170-24-054641
  6. 0000950170-24-035367
    SUMMARY COMPENSATION TABLE
  7. 0000950170-23-018301
  8. 0000950170-23-009734
    SUMMARY COMPENSATION TABLE
  9. 0000950170-22-007834
  10. 0001564590-21-025569
  11. 0001564590-20-022929
  12. 0001564590-19-018100
  13. 0000899629-18-000048
  14. 0000899629-18-000008
    Employment Agreement
  15. 0000899629-16-000054
  16. 0001144204-14-019804
    EX-10.2
Cite this data
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Velarion, “Acadia Realty Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AKR (accessed 2026).
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The Acadia Realty Trust brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings

Peers Acadia Realty Trust discloses

The companies named in AKR's own disclosed peer group.

Terms on this page

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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