Craig Erlich - Feb 23, 2023 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2023
Transactions value $
-$31,653
Form type
4
Date filed
2/27/2023, 03:06 PM
Previous filing
Dec 30, 2022
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Tax liability -$31.7K -432 -1.73% $73.27 24.5K Feb 23, 2023 Direct F1
transaction ADC Common Shares Award $0 +6.14K +25.06% $0.00 30.7K Feb 23, 2023 Direct F2
holding ADC Common Shares 700 Feb 23, 2023 By children
* 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 893 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. 2,048, 2,047, and 2,047 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.