Joel Agree is the Chief Executive Officer of Agree Realty Corporation, a company he has been with since 2005. He first became CEO in 2013 after serving in various leadership roles, including President and Chief Operating Officer. At 41, he...

Current Market Cap

$7.80B

Number of Employees

72

Total Compensation

2019 - 2023

Trending up by 110.63% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 2.34% last year

Bonus

Up by 0.02% last year

Other

Up by 6.63% last year

Year

2023

Total Compensation

$8.40M

Salary

$895.48K

Board Justification

The compensation program is designed to attract and retain key executives while encouraging high performance and aligning executives’ interests with the interests of stockholders.

Bonus

$3.06M

Board Justification

Based on the achievement of specific performance goals, including AFFO growth and management business objectives, with a maximum payout of 200% of target.

Other

$55.28K

Board Justification

Includes matching Simple IRA contributions, health insurance premiums, and car allowance.

Restricted Stock

$4.39M(59.9K restricted common stock)

Board Justification

Represents the shares of restricted stock that vested during 2023, based on the vesting schedule established at the time of the grant.

Performance Metrics

50% of the annual cash incentive award was based on year-over-year percentage growth of the Company’s AFFO per share.

SEC Filing

From April 12, 2024