Zachary Carpenter - 05 Mar 2026 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role: President and COO
Signature: Geraldine I. Hayhurst, as attorney-in-fact for Zachary Carpenter
Issuer symbol: AGM
Transactions as of: 05 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 09 Mar 2026, 16:50:29 UTC
Previous filing: 28 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Carpenter Zachary	President and COO	C/O FARMER MAC, 2100 PENNSYLVANIA AVE., NW, SUITE 450N, WASHINGTON	Geraldine I. Hayhurst, as attorney-in-fact for Zachary Carpenter	09 Mar 2026	0001776941

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGM	Class C Non-Voting Common Stock	Award		+1,398	+13%	$0.000000^*	12,112	05 Mar 2026	Direct	F1, F2
transaction	AGM	Class C Non-Voting Common Stock	Award		+699	+5.8%	$0.000000^*	12,811	05 Mar 2026	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	Award		+2,778		$0.000000^*	2,778	05 Mar 2026	Class C Non-Voting Common Stock	2,778	$162.15	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 466 RSUs, each of which will vest on March 31, 2027, March 31, 2028, and March 31, 2029, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
F2	In addition to the RSUs reported in this filing, includes 4,408 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.
F3	This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2029, if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2026, to December 31, 2028, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.
F4	Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.
F5	Exercisable beginning March 31, 2027, with respect to 926 shares, beginning March 31, 2028, with respect to 926 shares, and beginning March 31, 2029, with respect to 926 shares.
F6	Grant of stock appreciation rights under Farmer Mac's Plan for no consideration.