Merrie S. Frankel - 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 $
$59,990
Form type
4
Date filed
2/25/2022, 03:05 PM
Previous filing
Oct 8, 2021
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $60K +958 +26.8% $62.62 4.53K Feb 23, 2022 Direct F1
transaction ADC Common Shares Award $0 +1.05K +23.25% $0.00 5.59K Feb 23, 2022 Direct F1, F2
holding ADC Depositary Series A 400 Feb 23, 2022 Direct
* 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.