Form 4: Agree Realty Corp Executive Witteveen Sells Shares to Cover Tax Obligations
SEC Form 4
Nicole Witteveen, Chief Operating Officer of Agree Realty Corp, sold a small portion of common shares to cover tax obligations arising from the vesting of restricted stock.
Summary
- On August 13, 2024, Nicole Witteveen, the Chief Operating Officer of Agree Realty Corp, disposed of 59 common shares.
- The shares were sold at a price of $71.84 per share.
- This transaction was to cover tax withholdings due upon the vesting of 141 common shares.
- Following the transaction, Witteveen directly owns 11,300 common shares of Agree Realty Corp.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive share sales for tax purposes are a common occurrence, particularly around vesting events. This transaction appears routine and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a small sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | Date of transaction: Nicole Witteveen disposed of 59 common shares. |
| 08/15/2024 | Date of signature on the Form 4 filing. |
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