Director boosts Farmer Mac (NYSE: AGM) stake with stock retainer election
Rhea-AI Filing Summary
Federal Agricultural Mortgage Corp director James R. Engebretsen acquired additional equity through a compensation election. He received 116 shares of Class C Non-Voting Common Stock on March 31, 2026 at a market value of $148.35 per share, taken in stock instead of part of his quarterly cash retainer. Following this award, he directly holds 16,759 Class C Non-Voting shares, which includes 471 unvested restricted stock units scheduled to vest on March 31, 2027 if he remains a director.
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Insider Trade Summary
Net Buyer: 116 shares
Net Buy
1 txn
Insider
Engebretsen James R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Non-Voting Common Stock | 116 | $148.35 | $17K |
Holdings After Transaction:
Class C Non-Voting Common Stock — 16,759 shares (Direct)
Footnotes (2)
- F1. Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non- Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on March 31, 2026, the last business day of the quarter, as reported by the New York Stock Exchange.
- F2. Includes 471 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2027, if the Reporting Person remains a director of Farmer Mac on that date.
Key Figures
Shares acquired: 116 shares
Grant price: $148.35 per share
Total direct holdings: 16,759 shares
+1 more
4 metrics
Shares acquired
116 shares
Class C Non-Voting Common Stock granted March 31, 2026
Grant price
$148.35 per share
Market value based on NYSE closing price March 31, 2026
Total direct holdings
16,759 shares
Class C Non-Voting Common Stock after the reported transaction
Unvested RSUs
471 units
Restricted stock units vesting March 31, 2027 if he remains a director
Key Terms
Class C Non-Voting Common Stock, restricted stock units, quarterly retainer, market value
4 terms
Class C Non-Voting Common Stock financial
"Shares were issued pursuant to the director's existing election to purchase ... Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer"
restricted stock units financial
"Includes 471 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
quarterly retainer financial
"in lieu of receiving some or all of the director's quarterly retainer in cash"
market value financial
"The market value is the closing price of the stock on March 31, 2026"
Market value is the total worth investors place on a publicly traded company at a given moment, calculated by multiplying the current share price by the number of shares outstanding — like the price tag you’d see if you tried to buy the whole business today. It matters to investors because it shows how the market views a company’s size, growth prospects and risk, influences index membership and investment strategies, and helps compare companies the way you’d compare houses by their market prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did AGM director James R. Engebretsen report?
James R. Engebretsen reported acquiring 116 shares of Federal Agricultural Mortgage Corp Class C Non-Voting Common Stock. The shares were issued as part of his director compensation, taken in stock instead of cash for a portion of his quarterly retainer at the March 31, 2026 market price.
Was James R. Engebretsen’s AGM transaction an open-market stock purchase?
No, the transaction reflects a grant tied to compensation, not an open-market purchase. The director had an existing election to receive newly issued shares at market value instead of some or all of his quarterly cash retainer, so the company issued 116 shares accordingly.
What are James R. Engebretsen’s total AGM holdings after this transaction?
After the transaction, he directly holds 16,759 shares of Class C Non-Voting Common Stock. This figure includes 471 unvested restricted stock units that are scheduled to vest on March 31, 2027, provided he continues serving as a director through that vesting date.
What are the terms of the unvested AGM restricted stock units held by the director?
He holds 471 unvested restricted stock units of Class C Non-Voting Common Stock. These units are scheduled to vest on March 31, 2027, if he remains a director of Federal Agricultural Mortgage Corp through that date, adding to his direct equity stake when they vest.