Ware Todd P 4
4 · FEDERAL AGRICULTURAL MORTGAGE CORP · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Federal Agricultural Mortgage (AGM) Director Todd Ware Receives Award
What Happened Todd P. Ware, a director of Federal Agricultural Mortgage Corp. (AGM), was issued 21 shares of Farmer Mac Class C Non‑Voting Common Stock on 2026-06-30. The shares were valued at $199.27 each (total ~$4,185) and were issued pursuant to his election to receive stock instead of part or all of his quarterly cash retainer (transaction coded as an award/acquisition).
Key Details
- Transaction date and price: 2026-06-30 at $199.27 per share (21 shares; total reported $4,185).
- Filing date: 2026-07-02 — appears timely (Form 4 filed within required reporting window).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote F1: Shares issued under the director’s election to receive newly issued shares at market value (NYSE close on 6/30/2026).
- Footnote F2: Reporting person’s holding includes 471 unvested restricted stock units that will vest on 3/31/2027 if he remains a director.
Context This was a routine director compensation issuance (stock in lieu of cash), not an open‑market purchase or sale. Such awards are common for non‑executive directors and reflect compensation choice rather than a disclosed change in insider sentiment.
Insider Transaction Report
- Award
Class C Non-Voting Common Stock
[F1][F2]2026-06-30$199.27/sh+21$4,185→ 4,495 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 June 30, 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.