Richard Agree - Feb 23, 2024 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
EXECUTIVE CHAIRMAN OF BOARD, Director
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2024
Transactions value $
-$185,067
Form type
4
Date filed
2/27/2024, 04:05 PM
Previous filing
Jan 11, 2024
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $0 +9.2K +2.24% $0.00 420K Feb 23, 2024 Direct F1
transaction ADC Common Shares Tax liability -$185K -3.22K -0.77% $57.51 416K Feb 23, 2024 Direct F2
holding ADC Common Shares 120K Feb 23, 2024 By trust - children
holding ADC Common Shares 85.5K Feb 23, 2024 By wife
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the issuance of restricted common shares to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 3,066 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on February 23, 2025, February 23, 2026, and February 23, 2027, respectively.
F2 Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 7,159 common shares.