Richard Agree - Feb 23, 2022 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role: EXECUTIVE CHAIRMAN OF BOARD, Director
Signature: /s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol: ADC
Transactions as of: Feb 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/25/2022, 03:07 PM
Previous filing: Sep 30, 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	$0	+6.97K	+1.72%	$0.00	412K	Feb 23, 2022	Direct	F1
holding	ADC	Common Shares						94.4K	Feb 23, 2022	By trust - children
holding	ADC	Common Shares						70.5K	Feb 23, 2022	By wife

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 1,395, 1,394, 1,394, 1,394 and ,1394 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, 2023, February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027, respectively.

Content

All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 1,395, 1,394, 1,394, 1,394 and ,1394 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, 2023, February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027, respectively.