Peter Coughenour - 23 Feb 2023 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Issuer symbol
ADC
Transactions as of
23 Feb 2023
Net transactions value
-$25,571
Form type
4
Filing time
27 Feb 2023, 15:06:48 UTC
Previous filing
25 Feb 2022
Next filing
30 May 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 Tax liability $25,571 -349 -10% $73.27 3,086 23 Feb 2023 Direct F1
transaction ADC Common Shares Award $0 +2,457 +80% $0.000000 5,543 23 Feb 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 715 common shares.
F2 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. 819, 819, and 819 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, 2024, February 23, 2025, and February 23, 2026, respectively.