4//SEC Filing
Crady Marc J 4
Accession 0000845877-21-000072
CIK 0000845877other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:05 PM ET
Size
10.1 KB
Accession
0000845877-21-000072
Insider Transaction Report
Form 4
Crady Marc J
SVP - Chief Credit Officer
Transactions
- Award
Class C Non-Voting Common Stock
2021-03-02+930→ 930 total - Award
Class C Non-Voting Common Stock
2021-03-02+465→ 1,395 total - Award
Stock Appreciation Right
2021-03-02+1,872→ 1,872 totalExercise: $88.68Exp: 2031-03-02→ Class C Non-Voting Common Stock (1,872 underlying)
Footnotes (5)
- [F1]Grant of restricted stock units under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Farmer Mac Class C Non-Voting Common Stock. Includes three installments of 310 shares of restricted stock units, each of which will vest on March 31, 2022, March 31, 2023, and March 31, 2024, respectively.
- [F2]This is the target amount of performance-based restricted stock units granted on March 02, 2021 under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration, which will be available if certain criteria are met at the end of the performance cycle on December 31, 2023. The restricted stock units will vest on March 31, 2024 if Farmer Mac meets certain performance objectives related to business volume, as specified in the related award agreement, for the period starting on January 1, 2021 and ending on December 31, 2023, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics.
- [F3]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 restricted stock units exceed 200% of the number of restricted stock units of the target award.
- [F4]Exercisable beginning March 31, 2022 with respect to 624 shares, beginning March 31, 2023 with respect to 624 shares, and beginning March 31, 2024 with respect to 624 shares.
- [F5]Grant of stock appreciation rights under Farmer Mac's 2008 Amended and Restated Omnibus Incentive Plan for no consideration.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001848783
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 6:05 PM ET
- Size
- 10.1 KB