David A. Wolff - Feb 23, 2022 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
CHIEF ACCOUNTING OFFICER
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2022
Transactions value $
-$13,526
Form type
4
Date filed
2/25/2022, 03:07 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Tax liability -$13.5K -216 -7.14% $62.62 2.81K Feb 23, 2022 Direct F1
transaction ADC Common Shares Award $0 +1.6K +56.87% $0.00 4.41K Feb 23, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 636 common shares.
F2 All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Compensation Committee of the Board of Directors. These shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on June 30, 2022.