Ware Todd P 4

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.