Filing Details
- Accession Number:
- 0000845877-23-000181
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-08-11 16:27:06
- Reporting Period:
- 2023-08-10
- Accepted Time:
- 2023-08-11 16:27:06
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 845877 | Federal Agricultural Mortgage Corp | AGM | Federal & Federally-Sponsored Credit Agencies (6111) | 521578738 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1551864 | P Stephen Mullery | C/O Farmer Mac 1999 K Street N.w., 4Th Floor Washington DC 20006 | Evp - General Counsel | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class C Non-Voting Common Stock | Acquisiton | 2023-08-10 | 3,780 | $33.90 | 25,536 | No | 4 | M | Direct | |
| Class C Non-Voting Common Stock | Disposition | 2023-08-10 | 1,403 | $177.51 | 24,133 | No | 4 | F | Direct | |
| Class C Non-Voting Common Stock | Disposition | 2023-08-10 | 722 | $177.51 | 23,411 | No | 4 | D | Direct | |
| Class C Non-Voting Common Stock | Disposition | 2023-08-11 | 1,655 | $178.24 | 21,756 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | D | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class C Non-Voting Common Stock | Stock Appreciation Right | Disposition | 2023-08-10 | 3,780 | $0.00 | 3,780 | $33.90 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2017-03-31 | 2024-04-02 | No | 4 | M | Direct |
Footnotes
- In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.
- Transaction effected during an open trading window for employees and directors of Farmer Mac.
- Includes 4,230 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.
- The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $178.24 to $178.44, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information about the number of shares sold at each separate price within the range set forth in this footnote.
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