Craig Erlich - 23 Feb 2025 Form 4 Insider Report for AGREE REALTY CORP (ADC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
25 Feb 2025, 16:15:13 UTC
Prior SEC filing
21 Aug 2024
Next SEC filing
21 Aug 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Cheryl A. Hamilton, Attorney-in-Fact

Key filing fact

Craig Erlich filed Form 4 for AGREE REALTY CORP (ADC) on 25 Feb 2025.

Key facts

  • This page summarizes Craig Erlich's Form 4 filing for AGREE REALTY CORP (ADC).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 25 Feb 2025, 16:15.

Change

  • Previous filing in this sequence was filed on 21 Aug 2024.
  • Current net transaction value: -$245,801.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ADC transaction

Common Shares

Award

Transaction value
$0
Shares
+6,179
Change %
+14%
Price
$0.000000
Shares after
50,867
Date
23 Feb 2025
Ownership
Direct
Footnotes
F1
ADC transaction

Common Shares

Award

Transaction value
$0
Shares
+5,390
Change %
+11%
Price
$0.000000
Shares after
56,257
Date
23 Feb 2025
Ownership
Direct
Footnotes
F2
ADC transaction

Common Shares

Tax liability

Transaction value
$245,801
Shares
-3,375
Change %
-6%
Price
$72.83
Shares after
52,882
Date
23 Feb 2025
Ownership
Direct
Footnotes
F3
ADC holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
100
Date
23 Feb 2025
Ownership
By wife
ADC holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
305
Date
23 Feb 2025
Ownership
By children
ADC holding

Depositary Shares Series A

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,898
Date
23 Feb 2025
Ownership
Direct
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents the issuance of restricted common shares to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 2,060, 2,060 and 2,059 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, 2026, February 23, 2027, and February 23, 2028, respectively.

Footnote F2

Represents the issuance of restricted common shares to the reporting person by the Issuer's Compensation Committee of the Board of Directors upon vesting of the performance shares. 1,797 of the restricted shares issued upon vesting of the performance shares vested immediately on February 23, 2025 while 1,797 and 1,796 of the restricted shares issued shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on February 23, 2026 and February 23, 2027, respectively.

Footnote F3

Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 7,566 common shares.

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