Form 4: Agree Realty Corp Executive Witteveen Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Nicole Witteveen, Chief Operating Officer of Agree Realty Corp, disposed of 291 common shares to cover tax obligations arising from the vesting of restricted stock.
Summary
- On August 19, 2024, Nicole Witteveen, the Chief Operating Officer of Agree Realty Corp, disposed of 291 common shares.
- The transaction was executed to cover tax withholdings due upon the vesting of 674 common shares.
- The shares were sold at a price of $72.3.
- Following the transaction, Witteveen directly owns 11,009 common shares of Agree Realty Corp.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates vesting of shares.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock disposal transaction |
| 08/21/2024 | Date of signature on the Form 4 filing |
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