Data Year:

For its 2025 fiscal year, AGREE REALTY CORP, listed the following executives on its annual proxy statement to the SEC

Equity
Cash Compensation
Other
Fiscal Year Ended in 2025
Name And Title Total Compensation Pay Rank By Title In Financial Services industry
Joel Agree
President and Chief Executive Officer
Total Compensation $10,957,876 View details Pay Rank By Title In Financial Services industry #103 View more
Craig Erlich
Chief Growth Officer
Total Compensation $1,957,621 View details Pay Rank By Title In Financial Services industry #63 View more
Danielle Spehar
General Counsel
Total Compensation $1,432,731 View details Pay Rank By Title In Financial Services industry #31 View more
Nicole Witteveen
Chief Operating Officer
Total Compensation $2,202,957 View details Pay Rank By Title In Financial Services industry #90 View more
Peter Coughenour
Chief Financial Officer, Secretary
Total Compensation $2,189,429 View details Pay Rank By Title In Financial Services industry #196 View more

The charts on this page feature a breakdown of the total annual pay for the top executives at AGREE REALTY CORP as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. AGREE REALTY CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. AGREE REALTY CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Joel Agree
President and Chief Executive Officer
Total Cash $3,975,061 Equity $6,923,608 Other $59,207 $10,957,876
Craig Erlich
Chief Growth Officer
Total Cash $863,587 Equity $1,051,235 Other $42,799 $1,957,621
Danielle Spehar
General Counsel
Total Cash $759,236 Equity $630,696 Other $42,799 $1,432,731
Nicole Witteveen
Chief Operating Officer
Total Cash $1,112,423 Equity $1,051,235 Other $39,299 $2,202,957
Peter Coughenour
Chief Financial Officer, Secretary
Total Cash $1,098,895 Equity $1,051,235 Other $39,299 $2,189,429
For its 2025 fiscal year, AGREE REALTY CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Joel Agree CEO Pay $10,957,876 Median Employee Pay $127,044 CEO Pay Ratio 86:1
For its 2025 fiscal year, AGREE REALTY CORP, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Gregory Lehmkuhl Total Cash $234,999
Jerome Rossi Total Cash $184,999
John Rakolta, Jr. Total Cash $184,999
Karen Dearing Total Cash $209,999
Linglong He Total Cash $184,999
Merrie Frankel Total Cash $204,999
Michael Hollman Total Cash $184,999
Michael Judlowe Total Cash $184,999
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This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

Use of Data / Disclaimer

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

What is a proxy statement?

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.