4//SEC Filing
Mullery Stephen P 4
Accession 0000845877-24-000214
CIK 0000845877other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 4:44 PM ET
Size
13.3 KB
Accession
0000845877-24-000214
Insider Transaction Report
Form 4
Mullery Stephen P
SVP - General Counsel
Transactions
- Exercise/Conversion
Class C Non-Voting Common Stock
2024-09-09$32.39/sh+5,610$181,708→ 27,655 total - Tax Payment
Class C Non-Voting Common Stock
2024-09-09$181.63/sh−2,137$388,143→ 25,518 total - Disposition to Issuer
Class C Non-Voting Common Stock
2024-09-09$181.63/sh−1,001$181,812→ 24,517 total - Sale
Class C Non-Voting Common Stock
2024-09-10$182.28/sh−2,472$450,599→ 22,045 total - Exercise/Conversion
Stock Appreciation Right
2024-09-09−5,610→ 0 totalExercise: $32.39From: 2018-03-31Exp: 2025-04-01→ Class C Non-Voting Common Stock (5,610 underlying)
Footnotes (4)
- [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
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001551864
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 4:44 PM ET
- Size
- 13.3 KB