John Rakolta Jr - 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 $
$51,474
Form type
4
Date filed
2/25/2022, 03:06 PM
Previous filing
Sep 28, 2021
Next filing
Apr 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Gift $0 -10K -3.62% $0.00 266K Dec 28, 2021 Direct F1
transaction ADC Common Shares Award $51.5K +822 +0.31% $62.62 267K Feb 23, 2022 Direct F2
transaction ADC Common Shares Award $0 +2.11K +0.79% $0.00 269K Feb 23, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift from the reporting person voluntarily reported on Form 4.
F2 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.
F3 Represents a grant of restricted stock that vests on February 23, 2023.