McKissack Eric T 4
Research Summary
AI-generated summary
AGM Director Eric McKissack Receives 471 RSU Award
What Happened Eric T. McKissack, a director of Federal Agricultural Mortgage Corp (AGM), received an award of 471 restricted stock units (RSUs) of Class C Non‑Voting Common Stock on March 5, 2026. The reported acquisition price is $0.00 (no cash paid), so the grant has no immediate cash value; the RSUs will vest on March 31, 2027 if McKissack remains a director. A related footnote notes he also has 376 restricted shares that will vest on March 31, 2026, subject to continued service.
Key Details
- Transaction date: March 5, 2026; filing date: March 9, 2026 (filed within the Section 16 two‑business‑day window).
- Transaction type: Award/Grant (Code A); 471 RSUs granted at $0.00.
- Vesting: These 471 RSUs vest March 31, 2027 if the reporting person remains a director. Footnote also references 376 RSUs vesting March 31, 2026.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- No tax‑withholding, open‑market sale, or option exercise reported in this transaction.
Context RSU grants are common director compensation and do not transfer actual shares or cash until they vest; they are not a purchase or a sale and therefore don’t directly signal buying or selling intent. For retail investors, purchases can be a stronger signal of insider bullishness; routine awards like this are typically part of standard director pay.