| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AGM | Class C Non-Voting Common Stock | Award | $0 | +4.07K | +13.5% | $0.00 | 34.2K | Mar 9, 2022 | Direct | F1, F2 |
| transaction | AGM | Class C Non-Voting Common Stock | Award | $0 | +2.03K | +5.95% | $0.00 | 36.2K | Mar 9, 2022 | Direct | F2, F3, F4 |
| transaction | AGM | Class C Non-Voting Common Stock | Award | $0 | +1.63K | +4.49% | $0.00 | 37.8K | Mar 9, 2022 | Direct | F2, F5 |
| transaction | AGM | Class C Non-Voting Common Stock | Tax liability | -$94.1K | -782 | -2.07% | $120.38 | 37.1K | Mar 9, 2022 | Direct | F2, F5, F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AGM | Stock Appreciation Right | Award | $0 | +7.5K | $0.00 | 7.5K | Mar 9, 2022 | Class C Non-Voting Common Stock | 7.5K | $120.38 | Direct | F7, F8 |
| Id | Content |
|---|---|
| F1 | 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 1,355 RSUs, each of which will vest on March 31, 2023, March 31, 2024, and March 31, 2025, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates. |
| F2 | In addition to the RSUs reported in this filing, includes 18,894 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. |
| F3 | This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2025 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2022 to December 31, 2024, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement. |
| F4 | 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. |
| F5 | Grant of 1,626 shares of Class C Non-Voting Common Stock for no consideration as incentive compensation in recognition of outstanding performance. Farmer Mac retained 782 shares to satisfy tax withholding requirements. |
| F6 | The price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the day of grant. |
| F7 | Exercisable beginning March 31, 2023 with respect to 2,501 shares, beginning March 31, 2024 with respect to 2,501 shares, and beginning March 31, 2025 with respect to 2,501 shares. |
| F8 | Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. |