February 25, 2025 · Form 4 insider transaction
NORDHOLM BRADFORD T bought 12,915 shares of FEDERAL AGRICULTURAL MORTGAGE CORP at $75.16 per share, a transaction worth $970.7K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
Transaction effected during an open trading window for employees and directors of Farmer Mac.; In connection with the net share settlement of the exercise of 12,915 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Mr. Nordholm was entitled to receive 8,155 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Nordholm receieved 4,216 shares, and Farmer Mac retained 3,939 shares to satisfy tax withholding requirements arising from the exercise. The 4,760 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.; 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.