Agree Realty director receives RSU share awards
Agree Realty Corp director Michael Judlowe reported equity-based compensation in the form of common shares.
Rhea-AI Filing Summary
Agree Realty Corp director Michael Judlowe reported equity-based compensation in the form of common shares. On May 14, 2026, he acquired 1,328 common shares at $75.28 per share and 2,159 common shares at a stated price of $0.00, both classified as grants or awards rather than open-market purchases.
Footnotes explain these are restricted stock units (RSUs) that vest on May 14, 2027, with each RSU delivering one common share. Judlowe elected to defer receipt of the shares until his departure from the Board and to receive a portion of his annual Board fee in RSUs instead of cash. After these grants, he held 15,317 common shares directly and 100 common shares indirectly through his wife.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,487 shares
Grant/Award
3 txns
Insider
Judlowe Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 2,159 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 1,328 | $75.28 | $100K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 15,317 shares (Direct);
Common Shares — 100 shares (Indirect, by wife)
Footnotes (2)
- F1. Represents a grant of restricted stock units (RSUs) that vest on May 14, 2027. Each RSU represents a contingent right to receive one common share. The Reporting Person voluntarily elected to defer receipt of the common shares issuable upon settlement of the RSUs until the Reporting Person's departure from the Board of Directors.
- F2. Under Agree Realty Corporation's compensation plan for its Board of Directors, the Board member elected to receive a portion of their annual fee in RSUs in lieu of cash.
Key Figures
RSU grant at stated price: 2,159 common shares at $0.00
RSU grant at $75.28: 1,328 common shares at $75.28
Direct holdings after grants: 15,317 common shares
+2 more
5 metrics
RSU grant at stated price
2,159 common shares at $0.00
Grant/award acquisition on May 14, 2026
RSU grant at $75.28
1,328 common shares at $75.28
Grant/award acquisition on May 14, 2026
Direct holdings after grants
15,317 common shares
Total direct ownership following transactions
Indirect holdings by wife
100 common shares
Indirect ownership through spouse
RSU vesting date
May 14, 2027
Date when RSUs vest into common shares
Key Terms
restricted stock units (RSUs), contingent right, compensation plan, Board of Directors, +1 more
5 terms
restricted stock units (RSUs) financial
"Represents a grant of restricted stock units (RSUs) that vest on May 14, 2027."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each RSU represents a contingent right to receive one common share."
compensation plan financial
"Under Agree Realty Corporation's compensation plan for its Board of Directors, the Board member elected to receive a portion of their annual fee in RSUs."
Board of Directors financial
"until the Reporting Person's departure from the Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
annual fee in RSUs financial
"the Board member elected to receive a portion of their annual fee in RSUs in lieu of cash."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Agree Realty (ADC) director Michael Judlowe report in this Form 4?
Michael Judlowe reported acquiring equity-based compensation in Agree Realty common shares. He received grants totaling 3,487 shares classified as awards, not open-market purchases, and disclosed updated direct and indirect ownership positions following these transactions.
What are the key terms of Michael Judlowe’s RSU awards from Agree Realty (ADC)?
The filing describes restricted stock units (RSUs) that vest on May 14, 2027. Each RSU represents a contingent right to receive one Agree Realty common share, with the director electing to defer receipt of those shares until his departure from the Board of Directors.
How does Agree Realty (ADC) compensate its Board members according to this filing?
Under Agree Realty’s Board compensation plan, members may elect to receive part of their annual fee in RSUs instead of cash. This Form 4 shows Michael Judlowe using that feature, increasing his equity-based compensation via additional RSU grants tied to common shares.
Do Michael Judlowe’s Agree Realty (ADC) transactions involve open-market buying or selling?
The transactions are coded as grants or awards, not open-market trades. They represent equity-based compensation, including RSUs in lieu of cash fees, rather than Judlowe independently buying or selling Agree Realty shares in the market during the reported period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
