Filing Details
- Accession Number:
- 0000845877-25-000084
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-03-10 16:36:53
- Reporting Period:
- 2025-03-06
- Filing Date:
- 2025-03-10
- Accepted Time:
- 2025-03-10 16:36:53
- 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 |
|---|---|---|---|---|---|---|---|
| 1391468 | T Bradford Nordholm | C/O Farmer Mac 2100 Pennsylvania Ave., Nw, Suite 450N Washington DC 20037 | President And Ceo | 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 | 2025-03-06 | 3,939 | $0.00 | 52,407 | No | 4 | A | Direct | |
| Class C Non-Voting Common Stock | Acquisiton | 2025-03-06 | 1,970 | $0.00 | 54,377 | No | 4 | A | Direct | |
| Class C Non-Voting Common Stock | Disposition | 2025-03-07 | 7,364 | $200.00 | 47,013 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | A | 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 | Acquisiton | 2025-03-06 | 6,543 | $0.00 | 6,543 | $202.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 6,543 | 2035-03-06 | No | 4 | A | Direct |
Footnotes
- Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 1,313 RSUs, each of which will vest on March 31, 2026, March 31, 2027, and March 31, 2028, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
- In addition to the RSUs reported in this filing, includes 29,332 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the SecuritiesExchange Act of 1934.
- This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2028 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2025 to December 31, 2027, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.
- Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.
- Transaction effected during an open trading window for employees and directors of Farmer Mac.
- Exercisable beginning March 31, 2026 with respect to 2,181 shares, beginning March 31, 2027 with respect to 2,181 shares, and beginning March 31, 2028 with respect to 2,181 shares.
- Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.
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