Craig Erlich compensation by year
Agree Realty Summary Compensation Table · all 6 fiscal years held| Component | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Salary | $125,912 | $392,308 | $416,462 | $430,322 | $432,600 | $443,423 |
| Bonus | $299,978 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $112,464 | $449,987 | $471,429 | $1,053,061 | $1,015,794 | $1,051,235 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $112,432 | $577,369 | $598,500 | $581,258 | $481,594 | $420,164 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $11,563 | $41,630 | $44,868 | $37,623 | $37,429 | $42,799 |
| Total | $661,629 | $1,461,294 | $1,531,259 | $2,102,264 | $1,967,417 | $1,957,621 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Agree Realty Corp. DEF 14A filed April 2, 2026, accession 0000917251-26-000031, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Agree Realty Corp. filed document, accession 0000917251-26-000031. Every figure is read from that document and cited to the page and table it appears in. Filed April 2, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 9,772 | $703,877 | — |
| PSU | 9,564 | $688,895 | — |
| PSU | 7,552 | $543,971 | — |
| PSU | 7,506 | $540,657 | — |
| RSU | 5,437 | $391,627 | — |
| RSU | 2,047 | $147,445 | — |
| RSU | 1,436 | $103,435 | — |
| RSU | 174 | $12,533 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Agree Realty Corp.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
2 Form 4 lines since the FY2025 proxy (filed April 2, 2026)current to 2026-11-10 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-09-21 | Purchase | — | 1,000 | $67.55 | 60,388 |
| 2026-05-06 | Gift | — | 500 | $0.00 | 59,388 |
The 2 most recent of 2 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments Agree Realty discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Change in control and involuntary termination | $446,000 | $3,132,441 | $0 | $5,060,035 |
Per the Potential Payments Upon Termination or Change in Control table in Agree Realty Corp.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
Agree Realty’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Joel Agree | President and Chief Executive Officer | $10,957,876 |
| Nicole Witteveen | Chief Operating Officer | $2,202,957 |
| Peter Coughenour | Chief Financial Officer and Secretary | $2,189,429 |
| Craig Erlich · this page | Chief Growth Officer | $1,957,621 |
| Danielle Spehar | General Counsel | $1,432,731 |
Craig Erlich's compensation dossier, Agree Realty
You have read Craig Erlich's totals and holdings. The dossier adds each equity grant Agree Realty disclosed for Craig Erlich and Agree Realty's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Agree Realty's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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