Greg Lehmkuhl - 23 Feb 2025 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 2025
Transactions value $
$120,024
Form type
4
Filing time
25 Feb 2025, 16:15:35 UTC
Previous filing
29 Jul 2024
Next filing
21 Apr 2025
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 23 Feb 2025 Direct F1, F2
transaction ADC Common Shares Award $120K +1.65K +6.6% $72.83 26.6K 23 Feb 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.