Brian M. Brinch - Nov 12, 2024 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role
SVP - Enterprise Risk Officer
Signature
Stephen P. Mullery, as attorney-in-fact for Brian M. Brinch
Stock symbol
AGM
Transactions as of
Nov 12, 2024
Transactions value $
-$191,300
Form type
4
Date filed
11/14/2024, 04:49 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 $138K +1.56K +17.65% $88.68 10.4K Nov 12, 2024 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Tax liability -$66.6K -314 -3.02% $212.11 10.1K Nov 12, 2024 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Disposed to Issuer -$139K -653 -6.47% $212.11 9.43K Nov 12, 2024 Direct F1, F2, F3
transaction AGM Class C Non-Voting Common Stock Sale -$125K -593 -6.29% $210.00 8.84K Nov 13, 2024 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 Options Exercise $0 -1.56K -100% $0.00 0 Nov 12, 2024 Class C Non-Voting Common Stock 1.56K $88.68 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 1,560 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Mr. Brinch was entitled to receive 907 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Brinch received 593 shares, and Farmer Mac retained 314 shares to satisfy tax withholding requirements arising from the exercise. The 653 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 1,626 unvested restricted stock units previously granted under 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.