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

Role
EVP, PEOPLE & CULTURE
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2023
Transactions value $
-$25,571
Form type
4
Date filed
2/27/2023, 03:06 PM
Previous filing
Aug 23, 2022
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Tax liability -$25.6K -349 -4.84% $73.27 6.86K Feb 23, 2023 Direct F1
transaction ADC Common Shares Award $0 +1.54K +22.38% $0.00 8.39K 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 740 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. 512, 512 and 511 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.