Greg Lehmkuhl - 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 $
$120,024
Form type
4
Date filed
2/25/2025, 04:15 PM
Previous filing
Jul 29, 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 +6.75% $0.00 25K Feb 23, 2025 Direct F1, F2
transaction ADC Common Shares Award $120K +1.65K +6.6% $72.83 26.6K Feb 23, 2025 Direct F1, F3
* 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 Includes 361.002 shares acquired under a dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership filed by Reporting Person.
F3 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.