Pullins Matthew M 4
4 · FEDERAL AGRICULTURAL MORTGAGE CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Federal Agricultural Mortgage (AGM) CFO Matthew Pullins Receives Award
What Happened
- Matthew M. Pullins, EVP, Chief Financial Officer and Treasurer of Federal Agricultural Mortgage Corporation (AGM), received equity awards on March 5, 2026. The filing shows three awards: 1,323 time‑vested restricted stock units (RSUs), 662 shares granted (no cash paid), and 2,631 derivative awards reported as a target performance award — total 4,616 units — all granted for no consideration (reported value $0).
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026.
- Award amounts and notes:
- 1,323 RSUs (time‑vested) — each RSU converts to one share on vesting; the 1,323 are described as three equal installments of 441 RSUs vesting March 31 of 2027, 2028 and 2029 (Footnote F1).
- 662 shares granted for no consideration (Footnote F6 references a grant of stock appreciation rights under the Plan).
- 2,631 target performance‑based RSUs (derivative) — these vest March 31, 2029 only if Farmer Mac meets specified performance objectives for 2026–2028, subject to regulatory/asset‑quality gatekeepers; actual payout may be adjusted and will not exceed 200% of target (Footnotes F3–F4).
- Footnote F5 describes a three‑year exercisable/vesting schedule (877 shares each on March 31, 2027/2028/2029) related to the awards.
- Cash value: granted for no consideration (exercise/purchase price $0).
- Shares owned after the transaction: not specified in the provided summary — see the full Form 4 for reported holdings and total beneficial ownership.
- Filing timeliness: Form filed March 9, 2026 reporting March 5, 2026 transactions; no late‑filing flag is shown in the supplied data.
Context
- Time‑vested RSUs and performance RSUs are contingent rights to receive shares only upon vesting; they do not represent immediate saleable stock. Stock appreciation rights (SARs), if applicable, are derivative awards that pay the increase in value rather than delivering underlying shares until exercised/settled.
- Grants to executives are common as part of compensation and do not by themselves indicate buy or sell sentiment. Performance RSUs depend on company results and regulatory gates before any shares would be delivered.
- For full detail (exact post‑transaction holdings, award agreements, and any tax‑withholding provisions), review the complete SEC Form 4 filing (accession 0000845877-26-000056).
Insider Transaction Report
Form 4
Pullins Matthew M
EVP - CFO and Treasurer
Transactions
- Award
Class C Non-Voting Common Stock
[F1][F2]2026-03-05+1,323→ 2,814 total - Award
Class C Non-Voting Common Stock
[F3][F4][F2]2026-03-05+662→ 3,476 total - Award
Stock Appreciation Right
[F6][F5]2026-03-05+2,631→ 2,631 totalExercise: $162.15Exp: 2036-03-05→ Class C Non-Voting Common Stock (2,631 underlying)
Footnotes (6)
- [F1]Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 441 RSUs, each of which will vest on March 31, 2027, March 31, 2028, and March 31, 2029, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
- [F2]In addition to the RSUs reported in this filing, includes 1,491 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.
- [F3]This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2029, if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2026, to December 31, 2028, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.
- [F4]Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.
- [F5]Exercisable beginning March 31, 2027, with respect to 877 shares, beginning March 31, 2028, with respect to 877 shares, and beginning March 31, 2029, with respect to 877 shares.
- [F6]Grant of stock appreciation rights under Farmer Mac's Plan for no consideration.
Signature
Geraldine I. Hayhurst, as attorney-in- fact for Matthew M. Pullins|2026-03-09