0001415889-24-005458.txt : 20240227 0001415889-24-005458.hdr.sgml : 20240227 20240227160638 ACCESSION NUMBER: 0001415889-24-005458 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240223 FILED AS OF DATE: 20240227 DATE AS OF CHANGE: 20240227 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Spehar Danielle M CENTRAL INDEX KEY: 0001795831 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12928 FILM NUMBER: 24686569 MAIL ADDRESS: STREET 1: 70 E. LONG LAKE RD CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48304 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AGREE REALTY CORP CENTRAL INDEX KEY: 0000917251 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 383148187 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 32301 WOODWARD AVENUE CITY: ROYAL OAK STATE: MI ZIP: 48073 BUSINESS PHONE: 248-737-4190 MAIL ADDRESS: STREET 1: 32301 WOODWARD AVENUE CITY: ROYAL OAK STATE: MI ZIP: 48073 4 1 form4-02272024_040227.xml X0508 4 2024-02-23 0000917251 AGREE REALTY CORP ADC 0001795831 Spehar Danielle M 32301 WOODWARD AVENUE ROYAL OAK MI 48073 false true false false GENERAL COUNSEL 0 Common Shares 2024-02-23 4 A 0 4695 0 A 16126 D Common Shares 2024-02-23 4 A 0 1764 0 A 17890 D Common Shares 2024-02-23 4 F 0 1535 57.51 D 16355 D 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. 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. Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 3,305 common shares. /s/ Cheryl A. Hamilton, Attorney-in-Fact 2024-02-27