Bradford T. Nordholm - Mar 31, 2022 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Signature
Stephen P. Mullery, as attorney-in-fact for Bradford T. Nordholm
Stock symbol
AGM
Transactions as of
Mar 31, 2022
Transactions value $
-$414,883
Form type
4
Date filed
4/4/2022, 06:47 PM
Previous filing
Mar 11, 2022
Next filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGM Class C Non-Voting Common Stock Tax liability -$415K -3.74K -10.08% $111.05 33.3K Mar 31, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 31, 2022, (i) 1,638 restricted stock units vested as the third installment of the time-based award granted in February 2019, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 792 shares to satisfy withholding requirements, (ii) 2,458 restricted stock units vested that were granted in February 2019, for which Farmer Mac retained 1,187 shares to satisfy withholding requirements, (iii) 1,573 restricted stock units vested as the second installment of the time-based award granted in March 2020, for which Farmer Mac retained 759 shares to satisfy withholding requirements, and (iv) 2,065 restricted stock units vested as the first installment of the time-based award granted in March 2021, for which Farmer Mac retained 998 shares to satisfy withholding requirements.
F2 In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, 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 last trading day before the vesting date.
F3 Includes 17,257 unvested restricted stock units previously granted under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.