Nicole Witteveen - Feb 23, 2024 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, 2024
Transactions value $
-$35,369
Form type
4
Date filed
2/27/2024, 04:06 PM
Previous filing
Aug 22, 2023
Next filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADC Common Shares Award $0 +3.91K +48.52% $0.00 12K Feb 23, 2024 Direct F1
transaction ADC Common Shares Tax liability -$35.4K -615 -5.14% $57.51 11.4K Feb 23, 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. 1,304 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 1,253 common shares.