Gregory Ramsey - Mar 31, 2024 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Signature
Stephen P. Mullery, as attorney-in-fact for Gregory Ramsey
Stock symbol
AGM
Transactions as of
Mar 31, 2024
Transactions value $
-$65,955
Form type
4
Date filed
4/2/2024, 04:45 PM
Previous filing
Mar 7, 2024

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 -$66K -335 -7.41% $196.88 4.18K Mar 31, 2024 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, 2024, (i) 930 restricted stock units vested under a time-based award granted in March 2021, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 280 shares to satisfy withholding requirements, and (ii) 182 restricted stock units vested as the first installment of the time-based award granted in March 2023, for which Farmer Mac retained 55 shares to satisfy withholding requirements.
F2 In accordance with a policy adopted by the Human Capital and 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 1,379 unvested restricted stock units previously granted pursuant to 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.