Form 4 for ADC AGREE REALTY CORP

Accepted 2022-02-25 00:00:00 ET · period of report 2022-02-23 · accession 0001415889-22-001831 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2022-02-25	2022-02-23	ADC	Agree Joey	Pres, CEO, Dir	F - Tax	$62.62	-23.4K	424.4K	-5%	-$1.46M
M	2022-02-25	2022-02-23	ADC	Agree Joey	Pres, CEO, Dir	A - Grant	$0.00	+55.1K	479.5K	+13%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Shares	2022-02-23	F	D	23,374	$62.62	424,447	D	—	—	(F1) Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 53,608 common shares.
2	Common	Common Shares	2022-02-23	A	A	27,946	$0.00	452,393	D	—	—	(F2) All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Compensation Committee of the Board of Directors. 5,590, 5,589, 5,589, 5,589 and 5,589 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, 2023, February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027, respectively
3	Common	Common Shares	2022-02-23	A	A	27,146	$0.00	479,539	D	—	—	(F3) 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. 9,049 of the restricted shares issued upon vesting of the performance shares vested immediately on February 23, 2022 while 9,049 and 9,048 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, 2023 and February 23, 2024, respectively.