Joel Agree compensation by year
Agree Realty Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $414,064 | $525,168 | $609,712 | $664,615 | $792,788 | $875,000 | $875,000 | $895,481 | $900,000 | $921,808 |
| Bonus | $750,000 | $61,390 | $0 | $0 | $1,500,000 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $2,499,992 | $2,636,987 | $3,362,974 | $3,500,016 | $3,500,056 | $3,499,957 | $3,666,730 | $4,212,330 | $4,577,312 | $6,923,608 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $0 | $688,610 | $877,000 | $1,195,000 | $1,446,744 | $2,947,365 | $3,062,500 | $3,063,015 | $2,821,794 | $3,053,253 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $32,574 | $32,019 | $33,079 | $45,793 | $46,025 | $50,180 | $51,842 | $55,277 | $52,590 | $59,207 |
| Total | $3,696,630 | $3,944,174 | $4,882,765 | $5,405,424 | $7,285,613 | $7,372,502 | $7,656,072 | $8,226,103 | $8,351,696 | $10,957,876 |
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.
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 | 2,781,000 | $200,315,449 | — |
| RSU | 154,500 | $11,128,636 | — |
| PSU | 62,474 | $4,500,002 | — |
| RSU | 54,721 | $3,941,554 | — |
| PSU | 46,948 | $3,381,664 | — |
| PSU | 30,026 | $2,162,773 | — |
| RSU | 27,727 | $1,997,176 | — |
| RSU | 11,178 | $805,151 | — |
| RSU | 8,189 | $589,854 | — |
| RSU | 5,423 | $390,619 | — |
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.
Change-in-control & termination
estimated payments Agree Realty discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Death | $154,500 | $7,724,353 | $22,799 | $8,712,777 |
| Change in control and involuntary termination | $2,781,000 | $17,768,793 | $22,799 | $30,331,026 |
| Disability | $154,500 | $7,724,353 | $22,799 | $8,712,777 |
| Involuntary termination without cause | $1,854,000 | $17,768,793 | $22,799 | $25,610,465 |
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 · this page | 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 | Chief Growth Officer | $1,957,621 |
| Danielle Spehar | General Counsel | $1,432,731 |
Board service
Agree Realty board · FY2025How this board is paid
Company policy: Agree Realty pays directors a $70,000 cash retainer and $115,000 in Restricted Stock Awards. As stated in Agree Realty's FY2025 proxy.
Committees
Executive
The full Agree Realty compensation record
free company briefThis page is one person within Agree Realty's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the Agree Realty proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order Agree Realty's full Executive Compensation Report with peer benchmarking.
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.