Ramsey Gregory 4

What Happened

• Gregory Ramsey, Principal Accounting Officer of Federal Agricultural Mortgage Corp (Farmer Mac, ticker: AGM), was granted 471 restricted stock units (RSUs) on March 5, 2026. The RSUs were awarded for no cash consideration (price $0.00), so the reported acquisition value is $0.
• Each RSU represents the contingent right to receive one share of Farmer Mac’s Class C Non‑Voting Common Stock upon vesting. The 471 RSUs vest in three equal annual installments (157 RSUs each) on March 31, 2027, March 31, 2028, and March 31, 2029, provided the reporting person remains an employee on those dates.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09.
• Transaction type/code: Award/Grant (A); shares granted: 471; price per RSU: $0.00; aggregate value reported: $0.
• Vesting schedule: three equal installments of 157 RSUs on 3/31/2027, 3/31/2028, and 3/31/2029.
• Additional holdings: Filing notes 854 previously granted unvested RSUs; combined unvested RSUs after this grant = 1,325.
• No 10b5-1 plan, tax‑withholding, cashless exercise, or late‑filing flag is indicated in the provided filing.

Context

• RSU grants are compensation awards that convert to shares only if vesting conditions are met; they are not open‑market purchases or sales and do not by themselves indicate immediate buying or selling pressure.
• Because these RSUs vest over time, they incentivize retention rather than provide immediate liquidity. Each vested RSU will become one share of Class C Non‑Voting Common Stock.