Engebretsen James R 4

What Happened

• James R. Engebretsen, a director of Federal Agricultural Mortgage Corp (Farmer Mac, ticker: AGM), was issued 116 shares of Farmer Mac Class C Non‑Voting Common Stock on March 31, 2026.
• The shares were valued at $148.35 each, for a total value of $17,209. This was an issuance under the director's election to take stock instead of some or all of his quarterly cash retainer (a routine compensation issuance), not an open‑market purchase.

Key Details

• Transaction date and price: 2026-03-31; 116 shares @ $148.35 = $17,209 (Transaction code A — award/acquisition).
• Filed with SEC: April 2, 2026 (Form 4 covering the 3/31/2026 transaction); filing appears timely.
• Shares owned after transaction: not specified in the filing.
• Footnote highlights:
  • F1: Shares were issued pursuant to the director's election to purchase newly issued shares in lieu of cash; market value = NYSE close on 3/31/2026.
  • F2: The filing notes 471 unvested restricted stock units that will vest on 3/31/2027 if the reporting person remains a director.
• Security type: Class C Non‑Voting Common Stock (non‑voting).

Context

• This issuance reflects routine director compensation elected to be taken in stock rather than cash and should not be read as a discretionary open‑market buy or sell.
• The presence of unvested RSUs indicates future contingent compensation tied to continued board service.