Ware Todd P 4

What Happened

• Todd P. Ware, a director of Federal Agricultural Mortgage Corp (Farmer Mac, ticker: AGM), was granted 471 restricted stock units (RSUs) on 2026-03-05. The grant was recorded at $0.00 (no cash paid) — total reported value $0. These RSUs are for Class C Non‑Voting Common Stock and will vest on March 31, 2027 if Ware remains a director on that date.

Key Details

• Transaction date: 2026-03-05; Grant type: Award/Grant (code A); Price: $0.00 per RSU; Report filed: 2026-03-09 (timely filing).
• Vesting: the 471 RSUs vest 3/31/2027 subject to continued service. The filing also notes 376 restricted shares that will vest on 3/31/2026 (per footnote).
• Shares owned after transaction: the filing identifies the restricted RSU amounts above; total common stock holdings (non-restricted) are not specified in the provided data.
• Footnotes: F1 describes the RSU grant under the Amended & Restated 2008 Omnibus Incentive Plan; F2 clarifies the 376- and 471-share vesting schedules.

Context

• RSU grants are compensation awards, not open‑market purchases or sales; they carry no immediate cash outlay and only convert to shares (and potential sellable stock) if/when they vest. Because these are Class C non‑voting shares, they do not confer additional voting power. Such awards are common director compensation and do not, by themselves, indicate a buy/sell signal.