Nicole Witteveen - Feb 23, 2025 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2025
Transactions value $
-$86,886
Form type
4
Date filed
2/25/2025, 04:15 PM
Previous filing
Aug 21, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $0 +6.18K +56.13% $0.00 17.2K Feb 23, 2025 Direct F1
transaction ADC Common Shares Tax liability -$86.9K -1.19K -6.94% $72.83 16K Feb 23, 2025 Direct F2
* 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. 2,060, 2,060 and 2,059 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, 2026, February 23, 2027, and February 23, 2028, respectively.
F2 Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 2,557 common shares.