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AGREE REALTY CORP — Director's Dealing 2024
Feb 27, 2024
30749_dirs_2024-02-27_05c48860-faa8-4ade-bc9f-84fdba8c42e1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AGREE REALTY CORP (ADC)
CIK: 0000917251
Period of Report: 2024-02-23
Reporting Person: Spehar Danielle M (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-23 | Common Shares | A | 4695 | — | Acquired | 16126 | Direct |
| 2024-02-23 | Common Shares | A | 1764 | — | Acquired | 17890 | Direct |
| 2024-02-23 | Common Shares | F | 1535 | $57.51 | Disposed | 16355 | Direct |
Footnotes
F1: Represents the issuance of restricted common shares to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 1,565 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 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. 588 of the restricted shares issued upon vesting of the performance shares vested immediately on February 23, 2024 while 588 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, 2025 and February 23, 2026, respectively.
F3: Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 3,305 common shares.