4//SEC Filing
NORDHOLM BRADFORD T 4
Accession 0000845877-25-000084
CIK 0000845877other
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 4:36 PM ET
Size
12.1 KB
Accession
0000845877-25-000084
Insider Transaction Report
Form 4
NORDHOLM BRADFORD T
President and CEO
Transactions
- Award
Class C Non-Voting Common Stock
2025-03-06+3,939→ 52,407.451 total - Award
Class C Non-Voting Common Stock
2025-03-06+1,970→ 54,377.451 total - Sale
Class C Non-Voting Common Stock
2025-03-07$200.00/sh−7,364$1,472,800→ 47,013.451 total - Award
Stock Appreciation Right
2025-03-06+6,543→ 6,543 totalExercise: $202.01Exp: 2035-03-06→ Class C Non-Voting Common Stock (6,543 underlying)
Footnotes (7)
- [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 1,313 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 29,332 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]Transaction effected during an open trading window for employees and directors of Farmer Mac.
- [F6]Exercisable beginning March 31, 2026 with respect to 2,181 shares, beginning March 31, 2027 with respect to 2,181 shares, and beginning March 31, 2028 with respect to 2,181 shares.
- [F7]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 0001391468
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 4:36 PM ET
- Size
- 12.1 KB