4//SEC Filing
Brinch Brian M 4
Accession 0000845877-23-000146
CIK 0000845877other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 5:43 PM ET
Size
20.8 KB
Accession
0000845877-23-000146
Insider Transaction Report
Form 4
Brinch Brian M
EVP - Chief Risk Officer
Transactions
- Tax Payment
Class C Non-Voting Common Stock
2023-06-08$150.45/sh−219$32,949→ 9,956 total - Exercise/Conversion
Class C Non-Voting Common Stock
2023-06-08$75.16/sh+1,845$138,670→ 10,992 total - Exercise/Conversion
Class C Non-Voting Common Stock
2023-06-08$82.76/sh+1,470$121,657→ 10,175 total - Disposition to Issuer
Class C Non-Voting Common Stock
2023-06-08$150.45/sh−809$121,714→ 9,147 total - Disposition to Issuer
Class C Non-Voting Common Stock
2023-06-08$150.45/sh−922$138,715→ 9,763 total - Exercise/Conversion
Stock Appreciation Right
2023-06-08−1,470→ 0 totalExercise: $82.76From: 2022-03-31Exp: 2029-02-27→ Class C Non-Voting Common Stock (1,470 underlying) - Sale
Class C Non-Voting Common Stock
2023-06-12$150.72/sh−1,058$159,457→ 8,705 total - Tax Payment
Class C Non-Voting Common Stock
2023-06-08$150.45/sh−307$46,188→ 10,685 total - Exercise/Conversion
Stock Appreciation Right
2023-06-08−1,845→ 0 totalExercise: $75.16From: 2023-03-31Exp: 2030-03-03→ Class C Non-Voting Common Stock (1,845 underlying)
Footnotes (5)
- [F1]In connection with the net share settlement of the exercise of 1,470 vested stock appreciation rights ("SARs") granted in February 2019 with the grant price of $82.76 per share, Mr. Brinch was entitled to receive 661 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Brinch retained 442 shares, and Farmer Mac retained 219 shares to satisfy tax withholding requirements arising from the exercise. The 809 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 2,005 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]In connection with the net share settlement of the exercise of 1,845 vested SARs granted in March 2020 with the grant price of $75.16 per share, Mr. Brinch was entitled to receive 923 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Brinch retained 616 shares, and Farmer Mac retained 307 shares to satisfy tax withholding requirements arising from the exercise. The 922 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.
- [F5]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 $150.58 to $150.832, 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.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001737498
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 5:43 PM ET
- Size
- 20.8 KB