Zachary Carpenter - Jun 6, 2023 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role
EVP - Chief Business Officer
Signature
Stephen P. Mullery, as attorney-in-fact for Zachary Carpenter
Stock symbol
AGM
Transactions as of
Jun 6, 2023
Transactions value $
-$66,145
Form type
4
Date filed
6/8/2023, 04:46 PM
Previous filing
Apr 4, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGM Class C Non-Voting Common Stock Options Exercise $146K +1.94K +22.22% $75.16 10.7K Jun 6, 2023 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Tax liability -$66.1K -453 -4.25% $145.92 10.2K Jun 6, 2023 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Disposed to Issuer -$146K -998 -9.78% $145.92 9.2K Jun 6, 2023 Direct F1, 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 Options Exercise $0 -1.94K -100% $0.00* 0 Jun 6, 2023 Class C Non-Voting Common Stock 1.94K $75.16 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the net share settlement of the exercise of 1,937 vested stock appreciation rights ("SARs") granted in March 2020 with the grant price of $75.16 per share, Mr. Carpenter was entitled to receive 939 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 486 shares, and Farmer Mac retained 453 shares to satisfy tax withholding requirements arising from the exercise. The 998 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.
F2 Transaction effected during an open trading window for employees and directors of Farmer Mac.
F3 Includes 5,544 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.