4/A: Agree Realty Corp Director Amends Filing to Correctly Report Beneficial Ownership After Stock Grant

John Rakolta Jr., a director at Agree Realty Corp, amended a previous SEC filing to accurately reflect the number of common shares beneficially owned following a grant of restricted stock.

Summary

• John Rakolta Jr., a director of Agree Realty Corporation, filed an amendment to a previous Form 4 filing.
• The amendment corrects the number of common shares beneficially owned following a grant of restricted stock on February 23, 2024.
• The corrected filing shows that Rakolta beneficially owns 415,867.518 shares of common stock, up from the previously reported 412,650.618 shares.
• The original transaction involved the acquisition of 3,217 shares of common stock as part of Agree Realty Corporation's compensation plan for its Board of Directors.
• These shares were granted as restricted stock that vests on February 23, 2025.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain any information that would significantly impact investor sentiment, but the correction itself is a positive sign of diligence.

Positives

• The amendment ensures accurate reporting of beneficial ownership, promoting transparency.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It reflects standard compensation practices for board members.

Stakeholder Impact

• The correction of the filing promotes transparency for shareholders.

Key Dates