Gales Amy H 4

What Happened
Amy H. Gales, a director of Federal Agricultural Mortgage Corp. (Farmer Mac, ticker: AGM), received 136 shares of Farmer Mac Class C Non‑Voting Common Stock on March 31, 2026. The shares were acquired at the closing market price of $148.35 per share, for a total value of $20,176 (rounded). This was an award/acquisition elected in lieu of a portion of her quarterly cash retainer — a routine director compensation election rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-02 (Form 4 filed within standard 2-business-day window).
• Security: Farmer Mac Class C Non‑Voting Common Stock.
• Shares acquired: 136 at $148.35 per share; total value ≈ $20,176.
• Transaction type: Award/Acquisition (director election to receive shares instead of cash).
• Post-transaction holdings: Not disclosed in the excerpt provided.
• Footnote highlights:
  • F1: Shares issued pursuant to the director’s pre-existing election to buy newly issued Class C shares at market value in lieu of cash retainer (market value = NYSE close on 3/31/2026).
  • F2: The reporting includes 471 unvested restricted stock units that will vest on 3/31/2027 if the reporting person remains a director.

Context
This is a routine director compensation transaction (receiving newly issued shares instead of cash) and does not by itself indicate a personal market view. The award involves Class C non‑voting shares and includes unvested RSUs that may vest next year if the director remains in position.