4//SEC Filing
Ramesh Aparna 4
Accession 0000845877-24-000257
CIK 0000845877other
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 4:50 PM ET
Size
21.8 KB
Accession
0000845877-24-000257
Insider Transaction Report
Form 4
Ramesh Aparna
EVP - Chief Financial Officer
Transactions
- Exercise/Conversion
Class C Non-Voting Common Stock
2024-11-12$88.68/sh+1,352$119,895→ 11,796.809 total - Tax Payment
Class C Non-Voting Common Stock
2024-11-12$212.11/sh−380$80,602→ 11,416.809 total - Disposition to Issuer
Class C Non-Voting Common Stock
2024-11-12$212.11/sh−566$120,054→ 10,850.809 total - Exercise/Conversion
Class C Non-Voting Common Stock
2024-11-12$120.38/sh+1,752$210,906→ 12,602.809 total - Tax Payment
Class C Non-Voting Common Stock
2024-11-12$212.11/sh−366$77,632→ 12,236.809 total - Disposition to Issuer
Class C Non-Voting Common Stock
2024-11-12$212.11/sh−995$211,049→ 11,241.809 total - Sale
Class C Non-Voting Common Stock
2024-11-12$211.67/sh−592$125,309→ 10,649.809 total - Sale
Class C Non-Voting Common Stock
2024-11-12$212.02/sh−408$86,504→ 10,241.809 total - Exercise/Conversion
Stock Appreciation Right
2024-11-12−1,352→ 0 totalExercise: $88.68From: 2024-03-31Exp: 2031-03-02→ Class C Non-Voting Common Stock (1,352 underlying) - Exercise/Conversion
Stock Appreciation Right
2024-11-12−1,752→ 876 totalExercise: $120.38Exp: 2032-03-09→ Class C Non-Voting Common Stock (1,752 underlying)
Footnotes (5)
- [F1]In connection with the net share settlement of the exercise of 1,352 vested stock appreciation rights ("SARs") granted in March 2021 with a grant price of $88.68 per share, Ms. Ramesh was entitled to receive 786 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Ms. Ramesh received 406 shares, and Farmer Mac retained 380 shares to satisfy tax withholding requirements arising from the exercise. The 566 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 4,701 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 1,752 vested SARs granted in March 2022 with a grant price of $120.38 per share, Ms. Ramesh was entitled to receive 757 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Ms. Ramesh received 391 shares, and Farmer Mac retained 366 shares to satisfy tax withholding requirements arising from the exercise. The 995 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 876 shares, beginning March 31, 2024 with respect to 876 shares, and beginning March 31, 2025 with respect to 876 shares.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001799715
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 4:50 PM ET
- Size
- 21.8 KB