4//SEC Filing
Carpenter Zachary 4
Accession 0000845877-24-000249
CIK 0000845877other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 5:44 PM ET
Size
20.3 KB
Accession
0000845877-24-000249
Insider Transaction Report
Form 4
Carpenter Zachary
EVP - Chief Business Officer
Transactions
- Exercise/Conversion
Class C Non-Voting Common Stock
2024-11-07$88.68/sh+1,414$125,394→ 10,794 total - Tax Payment
Class C Non-Voting Common Stock
2024-11-07$209.13/sh−394$82,397→ 10,400 total - Exercise/Conversion
Class C Non-Voting Common Stock
2024-11-07$120.38/sh+1,702$204,887→ 11,502 total - Disposition to Issuer
Class C Non-Voting Common Stock
2024-11-07$209.13/sh−600$125,478→ 9,800 total - Tax Payment
Class C Non-Voting Common Stock
2024-11-07$209.13/sh−349$72,986→ 11,153 total - Sale
Class C Non-Voting Common Stock
2024-11-08$207.35/sh−500$103,677→ 9,673 total - Exercise/Conversion
Stock Appreciation Right
2024-11-07−1,414→ 0 totalExercise: $88.68From: 2024-03-31Exp: 2031-03-02→ Class C Non-Voting Common Stock (1,414 underlying) - Exercise/Conversion
Stock Appreciation Right
2024-11-07−1,702→ 851 totalExercise: $120.38Exp: 2032-03-09→ Class C Non-Voting Common Stock (1,702 underlying) - Disposition to Issuer
Class C Non-Voting Common Stock
2024-11-07$209.13/sh−980$204,947→ 10,173 total
Footnotes (5)
- [F1]In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 4,666 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 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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.
- [F5]Exercisable beginning March 31, 2023 with respect to 851 shares, beginning March 31, 2024 with respect to 851 shares, and beginning March 31, 2025 with respect to 851 shares.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001776941
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 5:44 PM ET
- Size
- 20.3 KB