Riel Kevin G. 4

What Happened
Kevin G. Riel, a director of Federal Agricultural Mortgage Corp (ticker: AGM), was granted 471 restricted stock units (RSUs) on March 5, 2026. The award was reported at an acquisition price of $0.00 (no cash paid); the filing lists the transaction as an Award/Grant (code A). The RSUs will vest on March 31, 2027 if Riel remains a director on that date.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (appears timely).
• Grant: 471 RSUs of Class C Non‑Voting Common Stock; reported acquisition price $0.00 (value shown $0).
• Vesting: All 471 RSUs vest on March 31, 2027, contingent on continued service as a director (see footnote).
• Other holdings noted: filing references 376 restricted shares that will vest March 31, 2026 and the 471 that vest March 31, 2027.
• Shares owned after transaction: not specified in the filing.
• Transaction code: A = Award/Grant.

Context
This was a compensation award to a director, not an open‑market purchase or sale. Such RSU grants are common for board compensation and do not by themselves indicate the director’s buying or selling sentiment. Vesting is time/service‑based (conditioned on remaining a director).