Sean Datcher - 03 Apr 2023 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role
SVP- Chief Information Officer
Signature
Stephen P. Mullery, as attorney-in-fact for Sean Datcher
Issuer symbol
AGM
Transactions as of
03 Apr 2023
Net transactions value
$0
Form type
4
Filing time
05 Apr 2023, 16:46:28 UTC
Next filing
07 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGM Class C Non-Voting Common Stock Award $0 +375 $0.000000 375 03 Apr 2023 Direct F1
transaction AGM Class C Non-Voting Common Stock Award $0 +187 +50% $0.000000 562 03 Apr 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 +693 $0.000000 693 03 Apr 2023 Class C Non-Voting Common Stock 693 $133.19 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 125 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
F2 This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.
F3 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.
F4 Exercisable beginning March 31, 2024 with respect to 231 SARs, beginning March 31, 2025 with respect to 231 SARs, and beginning March 31, 2026 with respect to 231 SARs.
F5 Grant of stock appreciation rights under the Plan for no consideration.