Plagge Jeffrey L. 4
Research Summary
AI-generated summary
AGM Director Jeffrey Plagge Receives RSU Award
What Happened
Jeffrey L. Plagge, a director of Federal Agricultural Mortgage Corporation (AGM), was granted 471 restricted stock units (RSUs) of Class C Non‑Voting Common Stock on March 5, 2026. The grant is reported at $0.00 (no cash paid). Per the grant terms, these RSUs will vest on March 31, 2027 if Plagge remains a director on that date. This is a compensation award (code A), not a market purchase or sale.
Key Details
- Transaction date and terms: 471 RSUs granted on 2026-03-05, acquisition price $0.00.
- Vesting: These RSUs vest 2027-03-31 contingent on continued directorship (per F1).
- Holdings note: Footnote F2 indicates holdings include 376 RSUs that will vest 2026-03-31 and the 471 RSUs that will vest 2027-03-31.
- Plan: Award made under Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan.
- Filing timeliness: Report filed 2026-03-09 for a 2026-03-05 transaction (within the two business‑day Form 4 filing deadline).
Context
RSU grants to directors are common compensation and vesting is typically conditioned on continued service; they do not represent an immediate cash purchase or sale of stock. Such awards are informative about compensation but should not be interpreted alone as a direct signal of insider market sentiment.