Form 4: CFO Peter Coughenour Buys ADC Shares
Insider Transaction Report
Agree Realty Corp.'s Chief Financial Officer, Peter Coughenour, acquired 500 common shares at $69.8 per share.
Summary
- Peter Coughenour, Chief Financial Officer of Agree Realty Corp. (ADC), purchased 500 common shares.
- The transaction occurred on January 9, 2026, at a price of $69.8 per share.
- Following this transaction, Coughenour beneficially owns 18,544 common shares directly.
- An attached Power of Attorney, dated August 15, 2025, authorizes several individuals, including Coughenour, to handle SEC filings on his behalf.
Sentiment
Score: 7
Explanation: The insider purchase by the CFO is generally viewed as a positive signal, indicating confidence in the company's valuation and future prospects. The transaction itself is a routine disclosure.
Positives
- Chief Financial Officer Peter Coughenour increased his direct ownership in Agree Realty Corp. by purchasing 500 common shares.
- Insider buying can signal management's confidence in the company's future prospects and valuation.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Industry Context
This filing is an insider transaction report and does not provide broader industry context. Insider purchases can sometimes be seen as a positive signal within the real estate investment trust (REIT) sector, indicating confidence in the company's property portfolio and dividend sustainability.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Peter Coughenour, Stephen Breslin, Donald J. Kunz, Joshua Damm, and Stephanie Swan are appointed as attorneys-in-fact to handle SEC filings for Peter Coughenour. Stephen Breslin and Peter Coughenour are designated as EDGAR account administrators, while Donald J. Kunz, Joshua Damm, and Stephanie Swan are delegated administrators. | 08/15/2025 | Streamlines the process for Peter Coughenour to comply with SEC filing requirements under Sections 13 and 16 of the Exchange Act, ensuring timely and accurate disclosures of beneficial ownership changes. |
Related Party Transactions
- Chief Financial Officer Peter Coughenour purchased 500 common shares of Agree Realty Corp. at $69.8 per share.
- A Power of Attorney was granted by Peter Coughenour to several individuals, including company personnel, to manage his SEC filing obligations.
Stakeholder Impact
- Shareholders may view the CFO's share purchase as a positive indicator of management confidence, potentially influencing investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/15/2025 | Date of execution for the Power of Attorney. |
| 01/09/2026 | Date of common shares acquisition by Peter Coughenour. |
| 01/13/2026 | Signature date of the Form 4 filing. |
Recommendation
holdThe CFO's purchase of 500 shares, while a positive signal of insider confidence, is a relatively small transaction in the context of the company's overall market capitalization and the CFO's existing holdings. It does not fundamentally alter the investment thesis for Agree Realty Corp. but reinforces a 'hold' position for existing investors, suggesting no immediate reason to sell, and potentially a minor positive for those considering entry, but not a strong 'buy' signal on its own.
Keywords
Agree Realty Corp, ADC, Peter Coughenour, CFO, Insider Trading, Share Purchase, Form 4, Beneficial Ownership, Real Estate
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