4//SEC Filing
Maines Robert J 4
Accession 0000845877-25-000083
CIK 0000845877other
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 4:36 PM ET
Size
10.5 KB
Accession
0000845877-25-000083
Insider Transaction Report
Form 4
Maines Robert J
SVP - Operations
Transactions
- Award
Stock Appreciation Right
2025-03-06+729→ 729 totalExercise: $202.01Exp: 2035-03-06→ Class C Non-Voting Common Stock (729 underlying) - Award
Class C Non-Voting Common Stock
2025-03-06+438→ 3,307 total - Award
Class C Non-Voting Common Stock
2025-03-06+219→ 3,526 total
Footnotes (6)
- [F1]Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 146 RSUs, each of which will vest on March 31, 2026, March 31, 2027, and March 31, 2028, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
- [F2]In addition to the RSUs reported in this filing, includes 1,646 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.
- [F3]This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2028 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2025 to December 31, 2027, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.
- [F4]Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.
- [F5]Exercisable beginning March 31, 2026 with respect to 243 shares, beginning March 31, 2027 with respect to 243 shares, and beginning March 31, 2028 with respect to 243 shares.
- [F6]Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001633936
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 4:36 PM ET
- Size
- 10.5 KB