Form 4: Agree Realty Corp. Director Merrie S. Frankel Reports Stock Transaction
Insider Transaction Report
Merrie S. Frankel, a Director at Agree Realty Corp., reported a transaction involving the acquisition of 432 common shares.
Summary
- Merrie S. Frankel, a Director of Agree Realty Corp. (ADC), reported a transaction on May 14, 2026.
- The transaction involved the acquisition of 432 common shares.
- These shares were acquired at a price of $0, indicating a grant or award.
- Following this transaction, Merrie S. Frankel beneficially owns 11,099 common shares.
- The filing also notes a Depositary Series A with 400 units, held indirectly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of an insider stock transaction without significant strategic or financial implications.
Positives
- Director Merrie S. Frankel acquired 432 common shares, indicating potential alignment with shareholder interests.
- The acquisition was at $0, suggesting a stock grant or award, which can be a form of compensation or incentive.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not typically contain strategic commentary. The acquisition of shares by a director is a common event for companies like Agree Realty Corp. in the real estate sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Merrie S. Frankel granted power of attorney to specific individuals to act on her behalf for SEC filings, including EDGAR system access and submissions. | 08/15/2025 | Facilitates compliance with SEC filing requirements by allowing designated representatives to manage electronic submissions. |
Stakeholder Impact
- Shareholders: The acquisition of shares by a director may be viewed positively as it suggests confidence in the company's future, though the $0 acquisition price indicates it was likely a grant or award rather than an open market purchase.
Key Dates
| Date | Description |
|---|---|
| 05/14/2026 | Transaction Date for acquisition of common shares. |
| 05/18/2026 | Signature Date of the Reporting Person. |
| 08/15/2025 | Date of execution for the Power of Attorney. |
Keywords
Agree Realty Corp, ADC, Form 4, SEC Filing, Director Transaction, Stock Acquisition, Beneficial Ownership, Merrie S. Frankel
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