Stones Charles A 4

What Happened
Charles A. Stones, a director of Federal Agricultural Mortgage Corp (Farmer Mac, ticker: AGM), was granted 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), so the immediate transaction value is $0.00. The RSUs will convert to shares if and when they vest.

Key Details

• Transaction date: March 5, 2026; filing date: March 9, 2026. No late filing was indicated.
• Grant: 471 RSUs @ $0.00 (total $0 at grant).
• Vesting: Per the filing, these RSUs vest on March 31, 2027 if the reporting person remains a director.
• Footnote: The filing also references 376 restricted shares that will vest on March 31, 2026 and 471 that vest on March 31, 2027 (conditional on continued service).
• Shares owned after the transaction: not specified in the Form 4.

Context
RSUs are compensation awards that convert to actual shares upon vesting; they are not an open‑market purchase or sale and therefore are typically part of routine director compensation rather than a direct bullish/sell signal. For investors, note that future vesting will increase share count for the recipient but only if the director remains in position on the vesting dates.