ADC · Agree Realty Corp · Executive Compensation

$73.27 +0.65 (+0.90%)

S&P 400 member Russell 1000 member Rebalance outlook locked

Market Cap

$9.03B

124.38M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$921,808	—	$6,923,608	—	$3,053,253	$59,207	$10,957,876
Nicole Witteveen	Chief Operating Officer	$443,423	—	$1,051,235	—	$669,000	$39,299	$2,202,957
Peter Coughenour	Chief Financial Officer, Secretary	$443,423	—	$1,051,235	—	$655,472	$39,299	$2,189,429
Craig Erlich	Chief Growth Officer	$443,423	—	$1,051,235	—	$420,164	$42,799	$1,957,621
Danielle Spehar	—	$407,661	—	$630,696	—	$351,575	$42,799	$1,432,731

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$900,000	—	$4,577,312	—	$2,821,794	$52,590	$8,351,696
Peter Coughenour	Chief Financial Officer, Secretary	$423,446	—	$1,015,794	—	$577,408	$29,559	$2,046,207
Craig Erlich	Chief Growth Officer	$432,600	—	$1,015,794	—	$481,594	$37,429	$1,967,417
Nicole Witteveen	Chief Operating Officer	$432,600	—	$507,868	—	$541,415	$32,137	$1,514,020
General Counsel	—	$395,609	—	$609,453	—	$355,566	$35,992	$1,396,620

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$895,481	—	$4,212,330	—	$3,063,015	$55,277	$8,226,103
Craig Erlich	Chief Growth Officer	$430,322	—	$1,053,061	—	$581,258	$37,623	$2,102,264
Peter Coughenour	Chief Financial Officer, Secretary Craig Erlich Chief Growth Officer	$378,673	—	$421,287	—	$576,817	$18,193	$1,394,970
General Counsel	—	$384,216	—	$631,854	—	$289,688	$37,623	$1,343,381
Danielle Spehar	General Counsel Nicole Witteveen Chief Operating Officer	$384,216	—	$631,854	—	$289,688	$37,623	$1,343,381
Nicole Witteveen	Chief Operating Officer	$290,331	—	$263,269	—	$195,000	$33,161	$781,761

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$875,000	—	$3,666,730	—	$3,062,500	$51,842	$7,656,072
Danielle Spehar	General Counsel Nicole Witteveen Chief Operating Officer	$367,039	—	$314,242	—	$375,000	$39,140	$1,095,421
Peter Coughenour	Chief Financial Officer, Secretary Craig Erlich Chief Growth Officer	$350,000	—	$89,985	—	$525,000	$15,657	$980,641

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$875,000	—	$3,469,080	—	$2,947,365	$50,180	$7,341,625
Simon Leopold	Former Chief Financial Officer, Secretary	$206,827	$1,299,980	—	—	—	$241,163	$1,747,970
Craig Erlich	Chief Operating Officer	$392,308	—	$449,987	—	$577,369	$41,630	$1,461,294
Danielle Spehar	General Counsel Nicole Witteveen Chief Operating Officer	$324,808	—	$297,291	—	$165,000	$36,213	$823,312
Nicole Witteveen	Executive Vice President, People & Culture and Chief of Staff	$161,699	$250,013	$149,975	—	$100,000	$10,047	$671,734
Clayton R. Thelen	Former Chief Financial Officer, Secretary	$48,211	—	—	—	—	$319,369	$367,580
Peter Coughenour	Chief Financial Officer, Secretary Craig Erlich Chief Growth Officer	$163,365	—	$44,998	—	$90,000	$9,457	$307,820

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$792,788	$1,500,000	$3,500,056	—	$1,446,744	$46,025	$7,285,613
Laith Hermiz	Chief Operating Officer, Executive Vice President	$327,115	—	$350,044	—	$202,133	$40,087	$919,379
General Counsel		$300,961	—	$299,946	—	$150,000	$32,946	$783,853
Craig Erlich	Chief Operating Officer	$125,912	$299,978	$112,464	—	$112,432	$11,563	$661,629
Clayton R. Thelen	Former Chief Financial Officer, Secretary	$319,942	—	—	—	$279,774	$31,185	$630,901

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$664,615	—	$3,500,016	—	$1,195,000	$45,793	$5,405,424
Laith Hermiz	Chief Operating Officer, Executive Vice President	$311,885	—	$300,008	—	$158,708	$39,346	$809,947
Clayton R. Thelen	Former Chief Financial Officer, Secretary	$277,731	—	$275,007	—	$211,969	$29,909	$794,616
General Counsel		$238,279	—	$200,005	—	$120,000	$27,355	$585,639
Danielle Spehar	General Counsel	$238,279	—	$200,005	—	$120,000	$27,355	$585,639
Richard Agree	Executive Chairman	$150,004	—	$286,473	—	—	$34,545	$471,022

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$609,712	—	$3,362,974	—	$877,000	$45,579	$4,895,265
Laith Hermiz	Chief Operating Officer, Executive Vice President	$296,942	—	$386,606	—	$155,000	$39,186	$877,734
Clayton R. Thelen	Chief Financial Officer, Secretary	$250,000	—	$224,032	—	$149,250	$31,778	$655,060
Richard Agree	Executive Chairman	$149,967	—	$286,475	—	—	$32,684	$469,126

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Joel Agree	President and Chief Executive Officer	$525,168	$61,390	$2,636,987	—	$688,610	$32,019	$3,944,174
Laith Hermiz	Chief Operating Officer, Executive Vice President	$283,000	—	$336,497	—	$134,600	$36,795	$790,892
Richard Agree	Executive Chairman	$150,015	—	$286,523	—	—	$35,493	$472,031
Clayton R. Thelen	Chief Financial Officer, Secretary	$9,615	$209,981	—	—	—	$11,309	$230,905

Key facts CIK 917251 CUSIP 008492100 13F (30d) 283 filings 281 filers Visit website Investor relations