Danielle M. Spehar - Feb 23, 2023 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
GENERAL COUNSEL
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2023
Transactions value $
-$63,159
Form type
4
Date filed
2/27/2023, 03:06 PM
Previous filing
Feb 25, 2022
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Tax liability -$63.2K -862 -10.01% $73.27 7.75K Feb 23, 2023 Direct F1
transaction ADC Common Shares Award $0 +3.69K +47.57% $0.00 11.4K Feb 23, 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 1,822 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. 1,229, 1,228 and 1,228 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.