Blacksberg (EVP, Chief Legal Officer) sold 30,000 shares at $22.81; post-sale holdings reflect derivative conversion, not full exit.
Blacksberg, EVP and Chief Legal Officer of ACADIA REALTY TRUST, sold 30,000 shares at $22.81 on 2025-03-06 for $684,300.00. The stock is currently trading at $22.51, down 3.1% over 30 days and 11.8% over 90 days, positioning this sale near recent lows within the 52-week range of $16.16–$26.08. The derivative-conversion flag indicates that the zero shares shown in Table I do not represent a complete position liquidation; the insider's actual holdings exist in the derivative securities table (not yet populated in the database). This sale of a specific batch should not be characterized as a full-exit event. At a valuation multiple of P/E 375.17, the stock trades at an elevated multiple relative to reported net income of $12.254M on latest quarterly revenue of $87.745M, warranting investor attention to the company's earnings quality and sustainability of current pricing.