Form 4 for AGM FEDERAL AGRICULTURAL MORTGAGE CORP
Accepted 2023-03-13 00:00:00 ET · period of report 2023-03-09 · accession 0000845877-23-000073 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-13 | 2023-03-09 | AGM | Ramesh Aparna | EVP - CFO | A - Grant | $0.00 | +2,174 | 10.1K | +28% | $0 |
| D | 2023-03-13 | 2023-03-09 | AGM | Ramesh Aparna | EVP - CFO | A - Grant | $0.00 | +2,244 | 2,244 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class C Non-Voting Common Stock | 2023-03-09 | A | A | 1,449 | $0.00 | 9,342.81 | D | — | — | (F1) Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 483 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates. (F2) In addition to the RSUs reported in this filing, includes 6,173 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. |
| 2 | Common | Class C Non-Voting Common Stock | 2023-03-09 | A | A | 725 | $0.00 | 10,067.81 | D | — | — | (F4) 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. (F3) This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement. (F2) In addition to the RSUs reported in this filing, includes 6,173 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. |
| 3 | Derivative | Stock Appreciation Right | 2023-03-09 | A | A | 2,244 | $0.00 | 2,244 | D | $135.20 · — to 2033-03-09 | 2,244 Class C Non-Voting Common Stock | (F6) Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. (F5) Exercisable beginning March 31, 2024 with respect to 748 shares, beginning March 31, 2025 with respect to 748 shares, and beginning March 31, 2026 with respect to 748 shares. |