Spehar Danielle M 4
4 · AGREE REALTY CORP · Filed Feb 25, 2025
Insider Transaction Report
Form 4
Spehar Danielle M
GENERAL COUNSEL
Transactions
- Award
Common Shares
2025-02-23+3,593→ 23,655 total - Award
Common Shares
2025-02-23+3,707→ 20,062 total - Tax Payment
Common Shares
2025-02-23$72.83/sh−2,707$197,151→ 20,948 total
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. 1,236, 1,236 and 1,235 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. 1,198 of the restricted shares issued upon vesting of the performance shares vested immediately on February 23, 2025 while 1,198 and 1,197 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 6,025 common shares.