Merrie S. Frankel - Feb 23, 2023 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Role
Director
Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Stock symbol
ADC
Transactions as of
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 03:07 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 Award $0 +1.5K +26.87% $0.00 7.09K Feb 23, 2023 Direct F1, F2
holding ADC Depositary Series A 400 Feb 23, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Under Agree Realty Corporation's compensation plan for its Board of Directors, the Board members receive a portion of their annual fee in common stock and can also elect to receive additional shares in lieu of the cash portion of the fee.
F2 Represents a grant of restricted stock that vests on February 23, 2024.