Stephen P. Mullery - Sep 9, 2024 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Signature
Stephen P. Mullery
Stock symbol
AGM
Transactions as of
Sep 9, 2024
Transactions value $
-$838,846
Form type
4
Date filed
9/10/2024, 04:44 PM
Previous filing
Apr 2, 2024

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 $182K +5.61K +25.45% $32.39 27.7K Sep 9, 2024 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Tax liability -$388K -2.14K -7.73% $181.63 25.5K Sep 9, 2024 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Disposed to Issuer -$182K -1K -3.92% $181.63 24.5K Sep 9, 2024 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Sale -$451K -2.47K -10.08% $182.28 22K Sep 10, 2024 Direct F2, F3, F4

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 -5.61K -100% $0.00 0 Sep 9, 2024 Class C Non-Voting Common Stock 5.61K $32.39 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 5,610 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Mullery was entitled to receive 4,609 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Mullery received (and later sold) 2,472 shares, and Farmer Mac retained 2,137 shares to satisfy tax withholding requirements arising from the exercise. The 1,001 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 3,417 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.
F4 The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $182.2775 to $182.7050, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information about the number of shares sold at each separate price within the range set forth in this footnote