Independent Director · Agree Realty Corp. (ADC)

Chair, Nominating/Governance Committee

Merrie Frankel director compensation at Agree Realty (FY2025): $205K

Fiscal year 2025 director compensation for Merrie Frankel at Agree Realty Corp.. Every figure below is printed as the company filed it and cited to the filing it came from.

Director compensation as of the proxy filed April 2, 2026 (DEF 14A). Open the filing on EDGAR.

Free

Get Merrie Frankel’s pay history as a PDF, right here and by email

The PDF adds what this page leaves out: up to 10 years of pay, a peer comparison, and the board on one page. Two emails at most, nothing else.

Also free: The Pay Desk, the weekly executive pay briefing.

Or track Merrie Frankel and every company like it: Velarion Intel, free for 3 days, no card →

What they were paid

Agree Realty Director Compensation Table · all 2 fiscal years held
In US dollars, as Agree Realty reports it. Most recent year first. Totals are the company’s disclosed totals.
Fiscal yearCash feesStock awardsOption awardsOtherTotal
FY2025$90,000$114,999$0$0$204,999
FY2024$90,000$115,000——$205,000

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.

Get the Agree Realty Board Governance Report

$204,999 Merrie Frankel, FY2025 total director compensation

$500

The free page is the headline figures. The board report is director pay, board composition and committee fees combined into the same kind of document.

Data as of April 2, 2026 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

How this board is paid

company policy · FY2025

Agree Realty pays directors a $70,000 cash retainer and $115,000 in Restricted Stock Awards.

Committees

FY2025 · as the proxy prints them

Audit · Nominating/Governance (Chair)

The rest of the Agree Realty board

FY2025 · as the company reported each
DirectorRoleFY2025 total
Gregory LehmkuhlIndependent Director$234,999
Jerome RossiIndependent Director$184,999
Joel AgreeDirector—
John Rakolta JrIndependent Director$184,999
Karen DearingIndependent Director$209,999
Linglong HeIndependent Director$184,999
Michael HollmanIndependent Director$184,999
Michael JudloweIndependent Director$184,999
Richard AgreeChair of the Board—

The full Agree Realty compensation record

free company brief

This page is one director within Agree Realty's record. The company brief lists every named executive and director, each linking to their own page.

Order ADC

Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.

Receipt, invoice, and report delivery. Guest checkout, no account required, secure payment by Stripe.

Board Governance Report