Engebretsen James R 4

What Happened
James R. Engebretsen, 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 award was issued for no cash consideration (price reported $0.00). These 471 RSUs will vest on March 31, 2027 if Engebretsen remains a director on that date. This is a compensation grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely filing).
• Grant: 471 RSUs at $0.00 (no cash paid).
• Vesting: the 471 RSUs vest 03/31/2027, contingent on continued directorship (per footnote).
• Footnote also references 376 restricted shares that will vest 03/31/2026, indicating prior/other RSUs tied to the director’s service.
• Shares owned after the grant / total beneficial ownership: not specified in the filing.
• Transaction type: A = Award/Grant (RSUs). No immediate sale or exercise occurred.

Context

• RSUs are a form of equity compensation: they represent the right to receive shares upon vesting and typically have no voting rights until settled.
• Grants to directors are common as part of compensation and do not necessarily signal a personal market view. Purchases by insiders are generally more informative about sentiment than routine compensation awards.