Joey Agree is the CEO and President of Agree Realty Corporation, a role he took on in January 2013. Before that, he was the President and Chief Operating Officer since 2009, showing he has been with the company for a...

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 philosophy 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

The bonus is based on the company's performance metrics and individual performance goals, with actual bonuses earned disclosed in the Non-Equity Incentive Plan Compensation column of the Summary Compensation Table for 2023.

Other

$55.28K

Board Justification

Other compensation includes matching Simple IRA contributions, health insurance premiums, and car allowance.

Restricted Stock

$4.39M(59.9K restricted stock)

Board Justification

The stock awards that vested in 2023 include restricted stock and performance units, with the value realized based on the closing price of the stock on the vesting date.

Performance Metrics

Performance metrics include company performance goals and individual performance goals that determine the annual cash incentive awards.

SEC Filing

From April 12, 2024