AGM (NYSE: AGM) director granted 471 Class C restricted stock units
Rhea-AI Filing Summary
Plagge Jeffrey L. reported acquisition or exercise transactions in this Form 4 filing.
FEDERAL AGRICULTURAL MORTGAGE CORP director Jeffrey L. Plagge reported an equity award of 471 shares of Class C Non-Voting Common Stock in the form of restricted stock units granted for no consideration under Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan.
According to the filing, all 471 RSUs will vest on March 31, 2027 if he remains a director on that date. Following this grant, he holds 1,290 shares of Class C Non-Voting Common Stock, including 376 restricted shares vesting on March 31, 2026 and 471 restricted shares vesting on March 31, 2027, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 471 shares
Net Buy
1 txn
Insider
Plagge Jeffrey L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Non-Voting Common Stock | 471 | $0.00 | $0.00 |
Holdings After Transaction:
Class C Non-Voting Common Stock — 1,290 shares (Direct)
Footnotes (2)
- F1. Grant of restricted stock units ("RSUs") of Class C Non-Voting Common Stock under the Amended and Restated 2008 Omnibus Incentive Plan of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. All of the RSUs will vest on March 31, 2027, if the Reporting Person remains a director of Farmer Mac on that date.
- F2. Includes 376 and 471 restricted shares of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2026, and March 31, 2027, respectively, if the Reporting Person remains a director of Farmer Mac on that date.
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FAQ
What insider transaction did AGM director Jeffrey L. Plagge report?
Jeffrey L. Plagge reported receiving a grant of 471 restricted stock units of Class C Non-Voting Common Stock. The award was granted for no consideration under Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan and is contingent on his continued board service.
When do Jeffrey L. Plagge’s newly granted AGM RSUs vest?
All 471 restricted stock units granted to Jeffrey L. Plagge will vest on March 31, 2027. Vesting is conditioned on him remaining a director of Federal Agricultural Mortgage Corporation (Farmer Mac) on that date, as disclosed in the Form 4 footnotes.
Under which plan were Jeffrey L. Plagge’s AGM restricted stock units granted?
The 471 restricted stock units were granted under Federal Agricultural Mortgage Corporation’s Amended and Restated 2008 Omnibus Incentive Plan. The footnotes specify that the RSUs of Class C Non-Voting Common Stock were awarded for no consideration under this equity incentive plan.
Is Jeffrey L. Plagge’s AGM Form 4 transaction a purchase or an award?
The Form 4 characterizes the transaction as a grant or award acquisition, not an open-market purchase. The 471 restricted stock units of Class C Non-Voting Common Stock were received for no consideration, subject to future vesting conditions tied to continued board service.