JUNKINS LOWELL 4

What Happened
Lowell Junkins, a director of Federal Agricultural Mortgage Corporation (Farmer Mac, ticker AGM), received an award of 471 restricted stock units (RSUs) of Class C Non‑Voting Common Stock on March 5, 2026. The RSUs were granted for no cash consideration (price $0.00) and will vest on March 31, 2027, provided Junkins remains a director on that date. This transaction is coded as an award/grant (A) rather than a purchase or sale.

Key Details

• Transaction date: 2026-03-05; Filing date (Form 4): 2026-03-09 (filed timely).
• Grant: 471 RSUs at $0.00 per share (no cash paid).
• Vesting: 471 restricted shares vest on 2027-03-31 if the reporting person remains a director (footnote F1).
• Additional scheduled vesting: 376 restricted shares are scheduled to vest on 2026-03-31 (footnote F2).
• Shares owned after transaction: Not explicitly stated on the filing; the filing highlights the RSUs that will vest on 3/31/2026 (376) and 3/31/2027 (471).
• Transaction code: A = Award/Grant. No 10b5-1, tax‑withholding, or late‑filing indicators reported.

Context
RSU grants to directors are a common form of compensation and do not represent an open‑market purchase (which some investors read as a bullish signal) or a sale (which can be interpreted as a liquidity event). These RSUs are time‑based and contingent on continued board service through the vesting dates.