February 25, 2025 · Form 4 insider transaction
NORDHOLM BRADFORD T sold 4,176 shares of FEDERAL AGRICULTURAL MORTGAGE CORP at $203.93 per share, a transaction worth $851.6K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
In connection with the net share settlement of the exercise of 10,290 vested stock appreciation rights ("SARs") granted in February 2019 with a grant price of $82.76 per share, Mr. Nordholm was entitled to receive 6,114 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Nordholm receieved 3,148 shares, and Farmer Mac retained 2,966 shares to satisfy tax withholding requirements arising from the exercise. The 4,176 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.; Transaction effected during an open trading window for employees and directors of Farmer Mac.; Includes 29,332 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Pan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.