Form 4 for AGM FEDERAL AGRICULTURAL MORTGAGE CORP
Accepted 2023-11-15 00:00:00 ET · period of report 2023-11-14 · accession 0000845877-23-000213 · 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 | 2023-11-15 | 2023-11-14 | AGM | Ramesh Aparna | EVP - CFO | M - OptEx | $88.68 | +2,704 | 11.9K | +29% | +$239.8K |
| D | 2023-11-15 | 2023-11-14 | AGM | Ramesh Aparna | EVP - CFO | F - Tax | $165.78 | -608 | 11.3K | -5% | -$100.8K |
| D | 2023-11-15 | 2023-11-14 | AGM | Ramesh Aparna | EVP - CFO | D - Sale to Iss | $165.78 | -1,447 | 9,878 | -13% | -$239.9K |
| D | 2023-11-15 | 2023-11-14 | AGM | Ramesh Aparna | EVP - CFO | M - OptEx | $0.00 | -2,704 | 1,352 | -67% | $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 | 2023-11-14 | M | A | 2,704 | $88.68 | 11,932.81 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F1) In connection with the net share settlement of the exercise of 2,704 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Ms. Ramesh was entitled to receive 1,257 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 649 shares, and Farmer Mac retained 608 shares to satisfy tax withholding requirements arising from the exercise. The 1,447 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. (F3) Includes 5,515 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 | 2023-11-14 | F | D | 608 | $165.78 | 11,324.81 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F1) In connection with the net share settlement of the exercise of 2,704 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Ms. Ramesh was entitled to receive 1,257 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 649 shares, and Farmer Mac retained 608 shares to satisfy tax withholding requirements arising from the exercise. The 1,447 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. (F3) Includes 5,515 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 | 2023-11-14 | D | D | 1,447 | $165.78 | 9,877.81 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F1) In connection with the net share settlement of the exercise of 2,704 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Ms. Ramesh was entitled to receive 1,257 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 649 shares, and Farmer Mac retained 608 shares to satisfy tax withholding requirements arising from the exercise. The 1,447 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. (F3) Includes 5,515 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 | Derivative | Stock Appreciation Right | 2023-11-14 | M | D | 2,704 | $0.00 | 1,352 | D | $88.68 · — to 2031-03-02 | 2,704 Class C Non-Voting Common Stock | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F1) In connection with the net share settlement of the exercise of 2,704 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Ms. Ramesh was entitled to receive 1,257 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 649 shares, and Farmer Mac retained 608 shares to satisfy tax withholding requirements arising from the exercise. The 1,447 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. (F4) Exercisable beginning March 31, 2022 with respect to 1,352 shares, beginning March 31, 2023 with respect to 1,352 shares, and beginning March 31, 2024 with respect to 1,352 shares. |