Engebretsen James R 4

What Happened
James R. Engebretsen, a director of Federal Agricultural Mortgage Corp. (Farmer Mac, ticker AGM), was issued 86 shares of Farmer Mac Class C Non‑Voting Common Stock on June 30, 2026. The shares were valued at $199.27 each (total value reported $17,137) and were issued as an award/acquisition under the director’s election to receive equity in lieu of part or all of his quarterly cash retainer.

Key Details

• Transaction date and price: 2026-06-30 at $199.27 per share; 86 shares; total ~$17,137.
• Nature of transaction: Award/grant (Form 4 code "A") — issuance pursuant to an existing election to purchase newly issued shares at market value instead of receiving cash retainer (see footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F1: Shares issued per director’s election to take stock (market value = NYSE close 6/30/2026).
  • F2: Filing also discloses 471 unvested restricted stock units that will vest on 3/31/2027 if the reporting person remains a director.
• Filing timing: Report filed 2026-07-02 for a 2026-06-30 transaction; filing appears timely under Form 4 reporting rules (no late filing indicated).

Context
This was an equity issuance in lieu of cash retainer — a routine director compensation practice — rather than an open‑market buy or sale by the director. Such awards are common and do not by themselves indicate the director’s view of the company’s near‑term prospects.