4//SEC Filing
NORDHOLM BRADFORD T 4
Accession 0000845877-25-000037
CIK 0000845877other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 6:14 PM ET
Size
19.2 KB
Accession
0000845877-25-000037
Insider Transaction Report
Form 4
NORDHOLM BRADFORD T
President and CEO
Transactions
- Disposition to Issuer
Class C Non-Voting Common Stock
2025-02-25$203.93/sh−4,176$851,612→ 44,252.451 total - Exercise/Conversion
Class C Non-Voting Common Stock
2025-02-25$82.76/sh+10,290$851,600→ 51,394.451 total - Exercise/Conversion
Stock Appreciation Right
2025-02-25−12,915→ 0 totalExercise: $75.16Exp: 2030-03-03→ Class C Non-Voting Common Stock (12,915 underlying) - Tax Payment
Class C Non-Voting Common Stock
2025-02-25$203.93/sh−2,966$604,856→ 48,428.451 total - Exercise/Conversion
Class C Non-Voting Common Stock
2025-02-25$75.16/sh+12,915$970,691→ 57,167.451 total - Tax Payment
Class C Non-Voting Common Stock
2025-02-25$203.93/sh−3,939$803,280→ 53,228.451 total - Disposition to Issuer
Class C Non-Voting Common Stock
2025-02-25$203.93/sh−4,760$970,707→ 48,468.451 total - Exercise/Conversion
Stock Appreciation Right
2025-02-25−10,290→ 0 totalExercise: $82.76Exp: 2029-02-27→ Class C Non-Voting Common Stock (10,290 underlying)
Footnotes (6)
- [F1]In connection with the net share settlement of the exercise of 10,290 vested stock appreciation rights ("SARs") granted in February 2019 with a grant price of $82.76 per share, Mr. Nordholm was entitled to receive 6,114 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Nordholm receieved 3,148 shares, and Farmer Mac retained 2,966 shares to satisfy tax withholding requirements arising from the exercise. The 4,176 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 29,332 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Pan, 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 12,915 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Mr. Nordholm was entitled to receive 8,155 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Nordholm receieved 4,216 shares, and Farmer Mac retained 3,939 shares to satisfy tax withholding requirements arising from the exercise. The 4,760 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]Exercisable beginning March 31, 2020 with respect to 3,430 shares, beginning March 31, 2021 with respect to 3,430 shares, and beginning March 31, 2022 with respect to 3,430 shares.
- [F6]Exercisable beginning March 31, 2021 with respect to 4,305 shares, beginning March 31, 2022 with respect to 4,305 shares, and beginning March 31, 2023 with respect to 4,305 shares.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001391468
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 6:14 PM ET
- Size
- 19.2 KB