Form 4 for AGM FEDERAL AGRICULTURAL MORTGAGE CORP
Accepted 2023-12-15 00:00:00 ET · period of report 2023-12-13 · accession 0000845877-23-000220 · 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 | 2023-12-15 | 2023-12-13 | AGM | Carpenter Zachary | EVP - Chief Business Off | F - Tax | $177.66 | -343 | 9,549 | -3% | -$60.9K |
| D | 2023-12-15 | 2023-12-13 | AGM | Carpenter Zachary | EVP - Chief Business Off | M - OptEx | $88.68 | +1,414 | 9,892 | +17% | +$125.4K |
| D | 2023-12-15 | 2023-12-13 | AGM | Carpenter Zachary | EVP - Chief Business Off | D - Sale to Iss | $177.66 | -706 | 8,843 | -7% | -$125.4K |
| D | 2023-12-15 | 2023-12-13 | AGM | Carpenter Zachary | EVP - Chief Business Off | M - OptEx | $0.00 | -1,414 | 1,414 | -50% | $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 | 2023-12-13 | F | D | 343 | $177.66 | 9,549 | D | — | — | (F1) In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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 5,544 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 | 2023-12-13 | M | A | 1,414 | $88.68 | 9,892 | D | — | — | (F1) In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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 5,544 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 | 2023-12-13 | D | D | 706 | $177.66 | 8,843 | D | — | — | (F1) In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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 5,544 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 | 2023-12-13 | M | D | 1,414 | $0.00 | 1,414 | D | $88.68 · 2023-03-31 to 2031-03-02 | 1,414 Class C Non-Voting Common Stock | (F1) In connection with the net share settlement of the exercise of 1,414 vested stock appreciation rights ("SARs") granted in March 2021 with the grant price of $88.68 per share, Mr. Carpenter was entitled to receive 708 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Carpenter retained 365 shares, and Farmer Mac retained 343 shares to satisfy tax withholding requirements arising from the exercise. The 706 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. |