Form 4: Agree Realty Corp: CEO Joey Agree Reports Acquisition of Common Shares and Indirect Holdings
SEC Form 4 Filing
CEO Joey Agree reports acquiring common shares as a gift and discloses indirect ownership through children.
Summary
- On December 16, 2024, Joey Agree, the President & CEO of Agree Realty Corp, reported a transaction involving the company's common shares.
- Agree acquired 964 common shares as a gift at a price of $0.
- Following the transaction, Agree directly owns 588,994 common shares.
- Agree also indirectly owns 2,192 common shares through children.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of share acquisition. The gift of shares is a slightly positive signal, but not significantly impactful.
Positives
- The CEO's acquisition of shares, even as a gift, could be seen as a positive signal to investors.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. They provide transparency into the transactions of those with access to non-public information.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of transaction: acquisition of common shares. |
| 12/18/2024 | Date of signature for the Form 4 filing. |
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