Farmer Mac (NYSE: AGM) grants director 471 Class C RSUs

Rhea-AI Filing Summary

Daniel Shaw L reported acquisition or exercise transactions in this Form 4 filing.

Federal Agricultural Mortgage Corporation director Daniel L Shaw received an equity award. He was granted 471 restricted stock units of Class C Non-Voting Common Stock for no consideration under Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan.

These RSUs will vest on March 31, 2027, if he remains a director on that date. Following this grant, he directly holds 1,858 Class C Non-Voting Common shares, including 358 and 471 restricted shares scheduled to vest on March 31, 2026 and March 31, 2027, respectively, subject to continued service.

Insider Trade Summary

Net Buyer: 471 shares

Net Buy 1 txn

Insider Daniel Shaw 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 — 1,858 shares (Direct)

Footnotes (2)

1. 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.
2. F2. Includes 358 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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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/09/2026 - 04:26 PM Learn about SEC filing dates

FAQ

What did AGM director Daniel L Shaw report on this Form 4?

Daniel L Shaw reported receiving 471 restricted stock units of Farmer Mac’s Class C Non-Voting Common Stock for no consideration. The award was granted under the company’s Amended and Restated 2008 Omnibus Incentive Plan as part of his director compensation.

When do Daniel L Shaw’s new AGM restricted stock units vest?

All 471 restricted stock units granted to Daniel L Shaw will vest on March 31, 2027 if he remains a director of Farmer Mac on that date. Continued board service is required for the full vesting of this equity award.

How many AGM Class C Non-Voting shares does Daniel L Shaw hold after this grant?

After the reported grant, Daniel L Shaw directly holds 1,858 shares of Farmer Mac’s Class C Non-Voting Common Stock. This total includes restricted shares that are scheduled to vest in 2026 and 2027, subject to his continued service as a director.

What are the existing AGM restricted shares mentioned in the Form 4 footnotes?

The filing states that Daniel L Shaw’s holdings include 358 and 471 restricted shares of Farmer Mac Class C Non-Voting Common Stock. These restricted shares are scheduled to vest on March 31, 2026 and March 31, 2027, respectively, if he remains a director on those dates.

Was any cash consideration paid for Daniel L Shaw’s AGM restricted stock unit grant?

No cash consideration was paid for this grant. The footnotes explain that the 471 restricted stock units of Class C Non-Voting Common Stock were awarded under Farmer Mac’s incentive plan for no consideration, reflecting equity-based director compensation rather than a purchase.

Under which plan were Daniel L Shaw’s AGM restricted stock units granted?

The 471 restricted stock units were granted under the Amended and Restated 2008 Omnibus Incentive Plan of the Federal Agricultural Mortgage Corporation. This plan governs equity awards, including restricted stock units, that Farmer Mac can issue to directors such as Daniel L Shaw.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Daniel Shaw L

(Last) (First) (Middle)

C/O FARMER MAC, 2100 PENNSYLVANIA AVE NW

SUITE 450N

(Street)

WASHINGTON DC 20037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class C Non-Voting Common Stock	03/05/2026		A		471(1)	A	$0(1)	1,858(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Includes 358 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.

Remarks:

	Geraldine I. Hayhurst, as attorney-in-fact for Daniel L. Shaw	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.