Kerry T. Willie - 15 Apr 2023 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role
SVP - Chief HR Officer
Signature
Stephen P. Mullery, as attorney-in-fact for Kerry T. Willie
Issuer symbol
AGM
Transactions as of
15 Apr 2023
Transactions value $
-$49,144
Form type
4
Filing time
18 Apr 2023, 16:19:40 UTC
Previous filing
04 Apr 2023
Next filing
23 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGM Class C Non-Voting Common Stock Tax liability -$49,143 -375 -9.7% $131.05 3,496 15 Apr 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 15, 2023, 1,245 restricted stock units vested under a time-based award granted in April 2020, for which the Federal Agricultural Mortgage Corporation ("Farmer Mac") retained 375 shares to satisfy withholding requirements.
F2 In accordance with a policy adopted by the Human Capital and Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.
F3 Includes 1,951 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.