Merrie S. Frankel - 23 Feb 2022 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 2022
Net transactions value
+$59,990
Form type
4
Filing time
25 Feb 2022, 15:05:55 UTC
Previous filing
08 Oct 2021
Next filing
27 Feb 2023
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 $59,990 +958 +27% $62.62 4,533 23 Feb 2022 Direct F1
transaction ADC Common Shares Award $0 +1,054 +23% $0.000000 5,587 23 Feb 2022 Direct F1, F2
holding ADC Depositary Series A 400 23 Feb 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.