RICHARD AGREE - 23 Feb 2024 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Issuer symbol
ADC
Transactions as of
23 Feb 2024
Net transactions value
-$185,067
Form type
4
Filing time
27 Feb 2024, 16:05:31 UTC
Previous filing
11 Jan 2024
Next filing
01 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $0 +9,198 +2.2% $0.000000 419,603 23 Feb 2024 Direct F1
transaction ADC Common Shares Tax liability $185,067 -3,218 -0.77% $57.51 416,385 23 Feb 2024 Direct F2
holding ADC Common Shares 119,855 23 Feb 2024 By trust - children
holding ADC Common Shares 85,512 23 Feb 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.