Form 4: Agree Realty Corp Executive Reports Stock Gift

Chief Growth Officer Craig Erlich gifted 500 common shares of Agree Realty Corp, reducing his direct holdings.

Summary

• Craig Erlich, Chief Growth Officer of Agree Realty Corp, executed a gift of 500 common shares on May 6, 2026.
• The transaction was recorded as a gift (Code G) with a price of $0.
• Following the transaction, the reporting person holds 59,388 common shares directly and 100 shares indirectly through his wife.
• The reporting person also maintains ownership of 4,898 Depositary Shares Series A.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a gift and does not reflect a change in the executive's sentiment toward the company's prospects.

Positives

• The transaction was a gift rather than a market sale, indicating no change in the executive's long-term confidence in the company.

Negatives

• The executive's direct beneficial ownership of common shares decreased by 500 units.

Risks

• None identified in this filing.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that insider gifts are common estate planning or philanthropic activities and generally do not signal a change in corporate strategy or outlook.

Comparison to Industry Standards

• Insider gifting is a standard practice among REIT executives for tax and estate planning purposes.
• The volume of shares gifted (500) is immaterial relative to the total outstanding shares of Agree Realty Corp.

Related Party Transactions

• The reporting person holds 100 shares indirectly through his wife.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a gift and not a market sale.

Key Dates

Keywords

Agree Realty Corp, ADC, Insider Trading, Form 4, Craig Erlich, Stock Gift