Peter Coughenour - 23 Feb 2024 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact
Issuer symbol
ADC
Transactions as of
23 Feb 2024
Net transactions value
-$40,199
Form type
4
Filing time
27 Feb 2024, 16:05:48 UTC
Previous filing
16 Aug 2023
Next filing
25 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $0 +7,825 +120% $0.000000 14,368 23 Feb 2024 Direct F1
transaction ADC Common Shares Tax liability $40,199 -699 -4.9% $57.51 13,669 23 Feb 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the issuance of restricted common shares to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 2,609, 2608 and 2,608 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, 2025, February 23, 2026, and February 23, 2027, respectively.
F2 Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 1,430 common shares.