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

Role
Director
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2025
Transactions value $
$69,990
Form type
4
Date filed
2/25/2025, 04:15 PM
Previous filing
Feb 27, 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 +1.58K +17% $0.00 10.9K Feb 23, 2025 Direct F1
transaction ADC Common Shares Award $70K +961 +8.84% $72.83 11.8K Feb 23, 2025 Direct F1, F2
holding ADC Common Shares 100 Feb 23, 2025 by wife
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock that vests on February 23, 2026.
F2 Under Agree Realty Corporation's compensation plan for its Board of Directors, the Board member elected to receive a portion of their annual fee in restricted common stock in lieu of cash.