Form 4: Agree Realty Corp Executive Stephen Breslin Reports Share Transaction

Chief Accounting Officer of Agree Realty Corp, Stephen Breslin, reports a transaction involving the withholding of 172 common shares for tax obligations.

Summary

• Stephen Breslin, Chief Accounting Officer of Agree Realty Corp, reported a transaction on December 1, 2024.
• The transaction involved the withholding of 172 common shares to cover tax obligations related to the vesting of 602 common shares.
• The price per share for the transaction was $76.8.
• Following the transaction, Mr. Breslin directly owns 10,269 common shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is a neutral event with no significant positive or negative implications.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It does not indicate any unusual activity or trend within the real estate industry.

Comparison to Industry Standards

• This type of transaction is standard practice for executives at publicly traded companies, particularly when stock options or restricted stock units vest.
• Similar transactions are regularly reported by executives at comparable REITs such as Realty Income (O) and Simon Property Group (SPG).

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

Agree Realty Corp, Stephen Breslin, insider trading, share transaction, tax withholding, common shares, SEC Form 4