Karen Dearing - Feb 23, 2022 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, 2022
Transactions value $
$123,862
Form type
4
Date filed
2/25/2022, 03:05 PM
Previous filing
Feb 23, 2022
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $124K +1.98K +2503.8% $62.62 2.06K Feb 23, 2022 Direct F1
transaction ADC Common Shares Award $0 +2.2K +107.15% $0.00 4.26K Feb 23, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Under Agree Realty Corporation's compensation plan for its Board of Directors, the Board members receive a portion of their annual fee in common stock and can also elect to receive additional shares in lieu of the cash portion of the fee.
F2 Represents a grant of restricted stock that vests on February 23, 2023.