Gales Amy H 4

What Happened

• Amy H. Gales, a director of Federal Agricultural Mortgage Corp. (Farmer Mac; ticker AGM), received a grant of 471 restricted stock units (RSUs) of Class C Non‑Voting Common Stock on March 5, 2026. The grant price was $0.00 (no cash paid).
• The RSUs are awards (not purchases) and will vest on March 31, 2027, only if Gales remains a director on that date. Per the filing, an earlier tranche of 376 restricted shares will vest on March 31, 2026 if she remains a director.

Key Details

• Transaction date: March 5, 2026; filing date: March 9, 2026 (filed four calendar days later; appears within the typical two business‑day Form 4 filing window).
• Grant details: 471 RSUs of Class C Non‑Voting Common Stock, grant price $0.00, vesting date March 31, 2027 (condition: continued service as director).
• Related holdings: Filing notes an additional 376 restricted shares that will vest March 31, 2026 (if service condition met). The filing does not list total shares owned following the reported transaction.
• Footnotes: RSUs issued under the Amended and Restated 2008 Omnibus Incentive Plan; vesting contingent on continued directorship. No tax‑withholding or sales noted in this filing.

Context

• RSU grants to directors are a common form of compensation and do not involve an immediate market purchase or sale—value is realized only if/when units vest and convert to shares (and any sale would be reported separately).
• Because these are Class C non‑voting shares, they provide economic exposure but not voting power. This filing is informational about compensation, not a direct buy/sell signal.