Form 4: Agree Realty Corp: Executive Chairman Reports Stock Gift
SEC Form 4 Filing
Richard Agree, Executive Chairman of Agree Realty Corp, reports a gift of 2,410 common shares on December 16, 2024.
Summary
- Richard Agree, the Executive Chairman of the Board at Agree Realty Corp (ADC), filed a Form 4 with the SEC on December 18, 2024.
- The filing reports a transaction that occurred on December 16, 2024, where Mr. Agree gifted 2,410 common shares.
- Following the transaction, Mr. Agree directly owns 413,975 common shares.
- He also indirectly owns 85,512 common shares through his wife and 135,855 common shares through a trust for his children.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a gift of shares. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders. This filing indicates a gifting transaction, which doesn't necessarily reflect a change in the company's financial health or prospects.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of the transaction (gift of common shares) |
| 12/18/2024 | Date of Form 4 filing |
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