Davidson Richard H 4

What Happened

• Richard H. Davidson, a director of Federal Agricultural Mortgage Corp (AGM), was granted 471 restricted stock units (RSUs) of Class C Non‑Voting Common Stock on March 5, 2026. The RSUs were awarded for no cash consideration (reported acquisition price $0) under Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan. The 471 RSUs will vest on March 31, 2027 if Mr. Davidson remains a director on that date.

Key Details

• Transaction date: 2026-03-05; reported on Form 4 filed 2026-03-09.
• Transaction type/code: Award/Grant (A); acquisition price reported as $0.
• Vesting: 471 RSUs vest March 31, 2027 (per footnote). Filing also references 376 RSUs that will vest March 31, 2026 (footnote).
• Shares owned after transaction: the filing does not state a total post-grant share ownership figure in the provided summary.
• Notable footnotes: F1 explains the RSUs are grants under the 2008 Omnibus Incentive Plan and vest March 31, 2027 if still a director; F2 notes the inclusion of 376 and 471 restricted shares vesting March 31, 2026 and March 31, 2027, respectively.
• No 10b5-1 plan, tax-withholding sale, or cashless exercise is noted in the filing.

Context

• This was a compensation award (RSUs), not an open‑market purchase or sale. RSUs convert to shares only upon vesting and are commonly used for director and executive compensation; grants for no cash consideration are routine and do not alone indicate insider sentiment about the company’s near‑term stock direction. The RSUs are Class C non‑voting shares, so they generally do not confer voting rights until and unless converted per company terms.