Form 4 for ADC AGREE REALTY CORP
Accepted 2025-02-25 00:00:00 ET · period of report 2025-02-23 · accession 0001415889-25-005475 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-02-25 | 2025-02-23 | ADC | Spehar Danielle M | GC | A - Grant | $0.00 | +7,300 | 23.7K | +45% | $0 |
| 2025-02-25 | 2025-02-23 | ADC | Spehar Danielle M | GC | F - Tax | $72.83 | -2,707 | 20.9K | -11% | -$197.2K |
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2025-02-23 | A | A | 3,707 | $0.00 | 20,062 | D | — | — | (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. |
| 2 | Common | Common Shares | 2025-02-23 | F | D | 2,707 | $72.83 | 20,948 | D | — | — | (F3) Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 6,025 common shares. |
| 3 | Common | Common Shares | 2025-02-23 | A | A | 3,593 | $0.00 | 23,655 | D | — | — | (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. |