AG真人官方

STOCK TITAN

[Form 4] Agree AG真人官方ty Corporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Insider transaction at Agree AG真人官方ty (ADC): Nicole Witteveen, listed as Chief Operating Officer, reported a transaction dated 08/19/2025 in which 294 common shares were disposed at $73.48 per share. The Form 4 states these 294 shares were withheld by the issuer to satisfy tax withholdings on 674 vested shares. After the reported disposition, the filing shows Ms. Witteveen beneficially owns 15,701 common shares. The form was signed by an attorney-in-fact on 08/21/2025.

Operazione insider in Agree AG真人官方ty (ADC): Nicole Witteveen, indicata come Chief Operating Officer, ha registrato un'operazione datata 19/08/2025 in cui 294 azioni ordinarie sono state cedute al prezzo di $73,48 per azione. Il modulo 4 specifica che queste 294 azioni sono state trattenute dall'emittente per soddisfare le ritenute fiscali su 674 azioni maturate. Dopo la cessione segnalata, la dichiarazione indica che la sig.ra Witteveen detiene in beneficial ownership 15.701 azioni ordinarie. Il modulo 猫 stato firmato da un procuratore il 21/08/2025.

Transacci贸n de insider en Agree AG真人官方ty (ADC): Nicole Witteveen, registrada como Chief Operating Officer, inform贸 una operaci贸n con fecha 19/08/2025 en la que se dispusieron 294 acciones ordinarias a $73.48 por acci贸n. El Formulario 4 indica que esas 294 acciones fueron retenidas por el emisor para cubrir retenciones fiscales sobre 674 acciones que ya hab铆an sido adquiridas. Tras la disposici贸n reportada, la presentaci贸n muestra que la Sra. Witteveen posee en beneficios 15.701 acciones ordinarias. El formulario fue firmado por un apoderado el 21/08/2025.

Agree AG真人官方ty(ADC)鞚� 雮措秬鞛� 瓯半灅: 斓滉碃鞖挫榿毂呾瀯鞛�(Chief Operating Officer)搿� 霌膘灛霅� Nicole Witteveen鞚 2025-08-19鞛愲 氤错喌欤� 294欤茧ゼ 觳橂秳頄堨溂氅� 欤茧嫻 臧瓴╈潃 $73.48霛缄碃 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 鞚� 294欤缄皜 674欤检潣 旮半摑(vested) 欤检嫕鞐� 雽頃� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 氚滍枆靷皜 氤措頄堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 氤搓碃霅� 觳橂秳 鞚错泟 頃措嫻 鞝滌稖靹滊鞐愲姅 Witteveen 鞌皜 氤挫湢鞚挫澋(beneficial ownership)鞙茧 15,701欤�毳� 靻岇湢頃橁碃 鞛堧姅 瓴冹溂搿� 雮橅儉雮╇媹雼�. 頃措嫻 靹滊電� 2025-08-21鞐� 雽毽澑(Attorney-in-fact)鞚� 靹滊獏頄堨姷雼堧嫟.

Op茅ration d'initi茅 chez Agree AG真人官方ty (ADC) : Nicole Witteveen, inscrite en tant que Chief Operating Officer, a d茅clar茅 une op茅ration dat茅e du 19/08/2025 au cours de laquelle 294 actions ordinaires ont 茅t茅 c茅d茅es73,48 $ par action. Le formulaire 4 pr茅cise que ces 294 actions ont 茅t茅 retenues par l'茅metteur pour couvrir les retenues fiscales sur 674 actions acquises (vested). Apr猫s la cession d茅clar茅e, le document indique que Mme Witteveen d茅tient en propri茅t茅 b茅n茅ficiaire 15 701 actions ordinaires. Le formulaire a 茅t茅 sign茅 par un mandataire le 21/08/2025.

Insider-Transaktion bei Agree AG真人官方ty (ADC): Nicole Witteveen, als Chief Operating Officer gef眉hrt, meldete eine Transaktion vom 19.08.2025, bei der 294 Stammaktien ver盲u脽ert wurden zu je $73,48. Im Formular 4 steht, dass diese 294 Aktien vom Emittenten einbehalten wurden, um Steuerabz眉ge auf 674 erworbene (vested) Aktien zu begleichen. Nach der gemeldeten Ver盲u脽erung weist die Einreichung aus, dass Frau Witteveen wirtschaftlich 15.701 Stammaktien besitzt. Das Formular wurde am 21.08.2025 von einem Bevollm盲chtigten unterschrieben.

Positive
  • Clear disclosure of the insider, role (Chief Operating Officer), transaction date, price, and post-transaction beneficial ownership
  • Retention of meaningful stake: reporting person still beneficially owns 15,701 shares after the withholding
Negative
  • None.

Insights

TL;DR: Routine tax-withholding sale after vesting; immaterial to company fundamentals.

This Form 4 documents a non-discretionary disposition of 294 shares at $73.48 to cover tax obligations arising from the vesting of equity awards. Such withholding transactions are common compensation mechanics and do not reflect an open-market sale decision by the insider. The remaining beneficial ownership of 15,701 shares provides continued alignment with shareholder interests, and the absolute size of the transaction is small relative to typical institutional positions, indicating limited market impact.

TL;DR: Disclosure aligns with Section 16 requirements; transaction explained as tax withholding.

The filing clearly identifies the reporting person, relationship to the issuer (Chief Operating Officer), and the mechanics of the transaction: shares withheld to satisfy tax withholding on vesting. The presence of an attorney-in-fact signature is disclosed and the transaction code and explanation are provided, meeting standard disclosure norms. This is a routine insider compensation settlement rather than a voluntary divestiture, suggesting no immediate governance concern from the disclosed activity.

Operazione insider in Agree AG真人官方ty (ADC): Nicole Witteveen, indicata come Chief Operating Officer, ha registrato un'operazione datata 19/08/2025 in cui 294 azioni ordinarie sono state cedute al prezzo di $73,48 per azione. Il modulo 4 specifica che queste 294 azioni sono state trattenute dall'emittente per soddisfare le ritenute fiscali su 674 azioni maturate. Dopo la cessione segnalata, la dichiarazione indica che la sig.ra Witteveen detiene in beneficial ownership 15.701 azioni ordinarie. Il modulo 猫 stato firmato da un procuratore il 21/08/2025.

Transacci贸n de insider en Agree AG真人官方ty (ADC): Nicole Witteveen, registrada como Chief Operating Officer, inform贸 una operaci贸n con fecha 19/08/2025 en la que se dispusieron 294 acciones ordinarias a $73.48 por acci贸n. El Formulario 4 indica que esas 294 acciones fueron retenidas por el emisor para cubrir retenciones fiscales sobre 674 acciones que ya hab铆an sido adquiridas. Tras la disposici贸n reportada, la presentaci贸n muestra que la Sra. Witteveen posee en beneficios 15.701 acciones ordinarias. El formulario fue firmado por un apoderado el 21/08/2025.

Agree AG真人官方ty(ADC)鞚� 雮措秬鞛� 瓯半灅: 斓滉碃鞖挫榿毂呾瀯鞛�(Chief Operating Officer)搿� 霌膘灛霅� Nicole Witteveen鞚 2025-08-19鞛愲 氤错喌欤� 294欤茧ゼ 觳橂秳頄堨溂氅� 欤茧嫻 臧瓴╈潃 $73.48霛缄碃 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 鞚� 294欤缄皜 674欤检潣 旮半摑(vested) 欤检嫕鞐� 雽頃� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 氚滍枆靷皜 氤措頄堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 氤搓碃霅� 觳橂秳 鞚错泟 頃措嫻 鞝滌稖靹滊鞐愲姅 Witteveen 鞌皜 氤挫湢鞚挫澋(beneficial ownership)鞙茧 15,701欤�毳� 靻岇湢頃橁碃 鞛堧姅 瓴冹溂搿� 雮橅儉雮╇媹雼�. 頃措嫻 靹滊電� 2025-08-21鞐� 雽毽澑(Attorney-in-fact)鞚� 靹滊獏頄堨姷雼堧嫟.

Op茅ration d'initi茅 chez Agree AG真人官方ty (ADC) : Nicole Witteveen, inscrite en tant que Chief Operating Officer, a d茅clar茅 une op茅ration dat茅e du 19/08/2025 au cours de laquelle 294 actions ordinaires ont 茅t茅 c茅d茅es73,48 $ par action. Le formulaire 4 pr茅cise que ces 294 actions ont 茅t茅 retenues par l'茅metteur pour couvrir les retenues fiscales sur 674 actions acquises (vested). Apr猫s la cession d茅clar茅e, le document indique que Mme Witteveen d茅tient en propri茅t茅 b茅n茅ficiaire 15 701 actions ordinaires. Le formulaire a 茅t茅 sign茅 par un mandataire le 21/08/2025.

Insider-Transaktion bei Agree AG真人官方ty (ADC): Nicole Witteveen, als Chief Operating Officer gef眉hrt, meldete eine Transaktion vom 19.08.2025, bei der 294 Stammaktien ver盲u脽ert wurden zu je $73,48. Im Formular 4 steht, dass diese 294 Aktien vom Emittenten einbehalten wurden, um Steuerabz眉ge auf 674 erworbene (vested) Aktien zu begleichen. Nach der gemeldeten Ver盲u脽erung weist die Einreichung aus, dass Frau Witteveen wirtschaftlich 15.701 Stammaktien besitzt. Das Formular wurde am 21.08.2025 von einem Bevollm盲chtigten unterschrieben.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Witteveen Nicole

(Last) (First) (Middle)
32301 WOODWARD AVENUE

(Street)
ROYAL OAK MI 48073

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AGREE REALTY CORP [ ADC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF OPERATING OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 08/19/2025 F 294(1) D $73.48 15,701 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents common shares withheld by the Issuer as payment of tax withholdings due upon vesting of 674 common shares.
/s/ Donald J. Kunz, Attorney-in-Fact 08/21/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ADC insider Nicole Witteveen report on Form 4?

The Form 4 reports a disposition of 294 common shares on 08/19/2025 at a price of $73.48 per share; the shares were withheld to satisfy tax withholdings from vesting.

How many ADC shares does Nicole Witteveen beneficially own after the transaction?

The filing shows Ms. Witteveen beneficially owns 15,701 common shares following the reported transaction.

Why were 294 shares disposed according to the filing?

The filing's explanation states those 294 shares were withheld by the issuer to pay tax withholdings due upon the vesting of 674 common shares.

When was the Form 4 signed and by whom?

The filing was signed by Donald J. Kunz, Attorney-in-Fact and dated 08/21/2025.

What is the transaction code and what does the filing show for price?

The transaction is reported with code F and a price of $73.48 per share in the Form 4.
Agree Rlty Corp

NYSE:ADC

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8.04B
108.67M
1.8%
116.57%
10.82%
REIT - Retail
AG真人官方 Estate Investment Trusts
United States
ROYAL OAK