Erlich Craig 4
4 · AGREE REALTY CORP · Filed Feb 25, 2025
Insider Transaction Report
Form 4
Erlich Craig
CHIEF GROWTH OFFICER
Transactions
- Award
Common Shares
2025-02-23+5,390→ 56,257 total - Award
Common Shares
2025-02-23+6,179→ 50,867 total - Tax Payment
Common Shares
2025-02-23$72.83/sh−3,375$245,801→ 52,882 total
Holdings
- 4,898
Depositary Shares Series A
- 305(indirect: By Children)
Common Shares
- 100(indirect: By Spouse)
Common Shares
Footnotes (3)
- [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.
- [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.
- [F3]Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 7,566 common shares.