Form 4 for AGM FEDERAL AGRICULTURAL MORTGAGE CORP
Accepted 2023-08-11 00:00:00 ET · period of report 2023-08-10 · accession 0000845877-23-000181 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-11 | 2023-08-10 | AGM | Mullery Stephen P | EVP - GC | F - Tax | $177.51 | -1,403 | 24.1K | -5% | -$249.0K |
| D | 2023-08-11 | 2023-08-11 | AGM | Mullery Stephen P | EVP - GC | S - Sale+OE | $178.24 | -1,655 | 21.8K | -7% | -$295.0K |
| D | 2023-08-11 | 2023-08-10 | AGM | Mullery Stephen P | EVP - GC | M - OptEx | $33.90 | +3,780 | 25.5K | +17% | +$128.1K |
| D | 2023-08-11 | 2023-08-10 | AGM | Mullery Stephen P | EVP - GC | D - Sale to Iss | $177.51 | -722 | 23.4K | -3% | -$128.2K |
| D | 2023-08-11 | 2023-08-10 | AGM | Mullery Stephen P | EVP - GC | M - OptEx | $0.00 | -3,780 | 0 | -100% | $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 | 2023-08-10 | F | D | 1,403 | $177.51 | 24,133 | D | — | — | (F1) In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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. (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F3) Includes 4,230 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive 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 | 2023-08-11 | S | D | 1,655 | $178.24 | 21,756 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F4) The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $178.24 to $178.44, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information about the number of shares sold at each separate price within the range set forth in this footnote. (F3) Includes 4,230 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. |
| 3 | Common | Class C Non-Voting Common Stock | 2023-08-10 | M | A | 3,780 | $33.90 | 25,536 | D | — | — | (F1) In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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. (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F3) Includes 4,230 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. |
| 4 | Common | Class C Non-Voting Common Stock | 2023-08-10 | D | D | 722 | $177.51 | 23,411 | D | — | — | (F1) In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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. (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F3) Includes 4,230 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. |
| 5 | Derivative | Stock Appreciation Right | 2023-08-10 | M | D | 3,780 | $0.00 | 0 | D | $33.90 · 2017-03-31 to 2024-04-02 | 3,780 Class C Non-Voting Common Stock | (F1) In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 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. (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. |