Form 4 for AGM FEDERAL AGRICULTURAL MORTGAGE CORP
Accepted 2024-11-12 00:00:00 ET · period of report 2024-11-07 · accession 0000845877-24-000249 · 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 | 2024-11-12 | 2024-11-07 | AGM | Carpenter Zachary | EVP - Chief Business Off | M - OptEx | $105.99 | +3,116 | 11.5K | +37% | +$330.3K |
| DM | 2024-11-12 | 2024-11-07 | AGM | Carpenter Zachary | EVP - Chief Business Off | F - Tax | $209.13 | -743 | 11.2K | -6% | -$155.4K |
| DM | 2024-11-12 | 2024-11-07 | AGM | Carpenter Zachary | EVP - Chief Business Off | D - Sale to Iss | $209.13 | -1,580 | 10.2K | -13% | -$330.4K |
| D | 2024-11-12 | 2024-11-08 | AGM | Carpenter Zachary | EVP - Chief Business Off | S - Sale+OE | $207.35 | -500 | 9,673 | -5% | -$103.7K |
| DM | 2024-11-12 | 2024-11-07 | AGM | Carpenter Zachary | EVP - Chief Business Off | M - OptEx | $0.00 | -3,116 | 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 | 2024-11-07 | M | A | 1,414 | $88.68 | 10,794 | 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 a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 4,666 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 | 2024-11-07 | F | D | 394 | $209.13 | 10,400 | 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 a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 4,666 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 | 2024-11-07 | D | D | 600 | $209.13 | 9,800 | 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 a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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 4,666 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 | 2024-11-08 | S | D | 500 | $207.35 | 9,673 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F3) Includes 4,666 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 | Common | Class C Non-Voting Common Stock | 2024-11-07 | F | D | 349 | $209.13 | 11,153 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F4) In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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. (F3) Includes 4,666 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. |
| 6 | Common | Class C Non-Voting Common Stock | 2024-11-07 | D | D | 980 | $209.13 | 10,173 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F4) In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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. (F3) Includes 4,666 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. |
| 7 | Common | Class C Non-Voting Common Stock | 2024-11-07 | M | A | 1,702 | $120.38 | 11,502 | D | — | — | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F4) In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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. (F3) Includes 4,666 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. |
| 8 | Derivative | Stock Appreciation Right | 2024-11-07 | M | D | 1,702 | $0.00 | 851 | D | $120.38 · — to 2032-03-09 | 1,702 Class C Non-Voting Common Stock | (F2) Transaction effected during an open trading window for employees and directors of Farmer Mac. (F4) In connection with the net share settlement of the exercise of 1,702 vested SARs granted in March 2022 with a grant price of $120.38 per share, Mr. Carpenter was entitled to receive 722 shares of Class C Non-Voting Common Stock of Farmer Mac. Of these shares, Mr. Carpenter received 373 shares, and Farmer Mac retained 349 shares to satisfy tax withholding requirements arising from the exercise. The 980 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. (F5) Exercisable beginning March 31, 2023 with respect to 851 shares, beginning March 31, 2024 with respect to 851 shares, and beginning March 31, 2025 with respect to 851 shares. |
| 9 | Derivative | Stock Appreciation Right | 2024-11-07 | M | D | 1,414 | $0.00 | 0 | D | $88.68 · 2024-03-31 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 a grant price of $88.68 per share, Mr. Carpenter was entitled to receive 814 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Of these shares, Mr. Carpenter received 420 shares, and Farmer Mac retained 394 shares to satisfy tax withholding requirements arising from the exercise. The 600 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. |