ADC · Agree Realty Corp

$80.26 -0.31 (-0.38%) At close · Jul 21

Market Cap

$9.64B

120.10M

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	CEO	$921,808	—	$6,923,608	—	$3,053,253	$59,207	$10,957,876
Nicole Witteveen	COO	$443,423	—	$1,051,235	—	$669,000	$39,299	$2,202,957
Peter Coughenour	CFO	$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	General Counsel	$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	CEO	$900,000	—	$4,577,312	—	$2,821,794	$52,590	$8,351,696
Peter Coughenour	CFO	$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	COO	$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	CEO	$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	CFO	$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	COO	$384,216	—	$631,854	—	$289,688	$37,623	$1,343,381
Nicole Witteveen	COO	$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	CEO	$875,000	—	$3,666,730	—	$3,062,500	$51,842	$7,656,072
Danielle Spehar	COO	$367,039	—	$314,242	—	$375,000	$39,140	$1,095,421
Peter Coughenour	CFO	$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	CEO	$875,000	—	$3,469,080	—	$2,947,365	$50,180	$7,341,625
Simon Leopold	CFO	$206,827	$1,299,980	—	—	—	$241,163	$1,747,970
Craig Erlich	COO	$392,308	—	$449,987	—	$577,369	$41,630	$1,461,294
Danielle Spehar	COO	$324,808	—	$297,291	—	$165,000	$36,213	$823,312
Nicole Witteveen	Executive Vice President and Chief of Staff	$161,699	$250,013	$149,975	—	$100,000	$10,047	$671,734
Clayton R. Thelen	CFO	$48,211	—	—	—	—	$319,369	$367,580
Peter Coughenour	CFO	$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	CEO	$792,788	$1,500,000	$3,500,056	—	$1,446,744	$46,025	$7,285,613
Laith Hermiz	COO	$327,115	—	$350,044	—	$202,133	$40,087	$919,379
General Counsel	—	$300,961	—	$299,946	—	$150,000	$32,946	$783,853
Craig Erlich	COO	$125,912	$299,978	$112,464	—	$112,432	$11,563	$661,629
Clayton R. Thelen	CFO	$319,942	—	—	—	$279,774	$31,185	$630,901

Fiscal 2019

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

Fiscal 2018

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

Fiscal 2017

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

Key facts CIK 917251 CUSIP 008492100 13F (30d) 68 filings 68 filers Visit website Investor relations