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

Role
EVP - Chief Financial Officer
Signature
Stephen P. Mullery, as attorney-in-fact for Aparna Ramesh
Stock symbol
AGM
Transactions as of
Mar 31, 2024
Transactions value $
-$254,960
Form type
4
Date filed
4/2/2024, 04:46 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 -$255K -1.3K -11.03% $196.88 10.4K 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) 672 restricted stock units vested as the third installment of the time-based award granted in March 2021, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 325 shares to satisfy withholding requirements, (ii) 1,046 performance-based restricted stock units vested that were granted in March 2021 (1,007 target units vesting at a 103.7754% performance factor), for which Farmer Mac retained 506 shares to satisfy withholding requirements, (iii) 475 restricted stock units vested as the second installment of the time-based award granted in March 2022, for which Farmer Mac retained 230 shares to satisfy withholding requirements, and (iv) 483 restricted stock units vested as the first installment of the time-based award granted in March 2023, for which Farmer Mac retained 234 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 4,701 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. The total amount of securities beneficially owned has been adjusted since the Reporting Person's last filing to reflect 39 more shares that vested on March 31, 2024 as a result of applying a 103.7754% performance factor to 1,007 target restricted stock units granted in March 2021.