JOHN RAKOLTA JR - 23 Feb 2022 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
Director
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Issuer symbol
ADC
Transactions as of
23 Feb 2022
Transactions value $
$51,474
Form type
4
Filing time
25 Feb 2022, 15:06:21 UTC
Previous filing
28 Sep 2021
Next filing
11 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Gift $0 -10,000 -3.62% $0.000000 265,886 28 Dec 2021 Direct F1
transaction ADC Common Shares Award $51,473 +822 +0.31% $62.62 266,708 23 Feb 2022 Direct F2
transaction ADC Common Shares Award $0 +2,108 +0.79% $0.000000 268,816 23 Feb 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift from the reporting person voluntarily reported on Form 4.
F2 Under Agree Realty Corporation's compensation plan for its Board of Directors, the Board members receive a portion of their annual fee in common stock and can also elect to receive additional shares in lieu of the cash portion of the fee.
F3 Represents a grant of restricted stock that vests on February 23, 2023.