Richard Agree - 23 Feb 2026 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
EXECUTIVE CHAIRMAN OF BOARD, Director
Signature
/s/ Stephen Breslin, Attorney-in-Fact
Issuer symbol
ADC
Transactions as of
23 Feb 2026
Net transactions value
-$363,048
Form type
4
Filing time
25 Feb 2026, 16:16:31 UTC
Previous filing
12 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
AGREE RICHARD EXECUTIVE CHAIRMAN OF BOARD, Director 32301 WOODWARD AVENUE, ROYAL OAK /s/ Stephen Breslin, Attorney-in-Fact 25 Feb 2026 0001275238

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $0 +8,069 +1.9% $0.000000 426,777 23 Feb 2026 Direct F1, F2
transaction ADC Common Shares Tax liability $363,048 -4,577 -1.1% $79.32 422,200 23 Feb 2026 Direct F3
holding ADC Common Shares 85,512 23 Feb 2026 By wife
holding ADC Common Shares 155,855 23 Feb 2026 By trust - children 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. 2,690, 2,690, and 2,689 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, 2027, February 23, 2028, and February 23, 2029, respectively.
F2 Includes a reclassification of 4,000 shares from indirect ownership through a family trust to direct ownership. No change in beneficial ownership.
F3 Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 10,219 common shares.