March 6, 2025 · Form 4 insider transaction
Willie Kerry T bought 138 shares of FEDERAL AGRICULTURAL MORTGAGE CORP at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2028 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2025 to December 31, 2027, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.; Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.; In addition to the RSUs reported in this filing, includes 1,169 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.