Ware Todd P 4

4 · FEDERAL AGRICULTURAL MORTGAGE CORP · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Farmer Mac (AGM) Director Todd P. Ware Receives 28 Shares

What Happened

Todd P. Ware, a director of Federal Agricultural Mortgage Corp. (Farmer Mac, ticker AGM), acquired 28 newly issued Class C Non‑Voting Common shares on March 31, 2026. The shares were issued at the closing market price of $148.35 per share, for a total value of $4,154. The transaction is reported as an acquisition/award (code A) and resulted from Ware’s election to receive stock instead of part or all of his quarterly cash retainer.

Key Details

Transaction date and price: 2026-03-31 at $148.35 per share.
Shares acquired: 28; total value approx. $4,154.
Transaction type: A (Grant/Award/Other acquisition) via director election to receive newly issued shares in lieu of cash.
Filing: Report filed 2026-04-02 (timely under Section 16 two-business-day rule).
Holdings note: Filing references 471 unvested restricted stock units (RSUs) that will vest on 2027-03-31 if Ware remains a director; total post-transaction beneficial ownership not specified in the Form 4.

Context

This was a routine issuance under a director’s pre-existing election to convert cash retainer to stock at market value (closing price on the quarter-end trading day). Such elections are common and are typically administrative rather than a direct bullish signal about the company.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Class C Non-Voting Common Stock
[F1][F2]
2026-03-31$148.35/sh+28$4,154→ 4,474 total

Footnotes (2)

[F1]Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on March 31, 2026, the last business day of the quarter, as reported by the New York Stock Exchange.
[F2]Includes 471 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2027, if the Reporting Person remains a director of Farmer Mac on that date.

Signature

Geraldine I. Hayhurst, as attorney-in-fact for Todd P. Ware|2026-04-02

1 file