Director at Farmer Mac (NYSE: AGM) receives 471 RSUs vesting in 2027
Rhea-AI Filing Summary
Stones Charles A reported acquisition or exercise transactions in this Form 4 filing.
Federal Agricultural Mortgage Corp
All 471 RSUs are scheduled to vest on March 31, 2027, if he remains a director on that date. Following this grant, he holds 2,441 shares of Class C Non-Voting Common Stock, including 376 restricted shares that will vest on March 31, 2026 and the 471 shares scheduled to vest on March 31, 2027, both subject to continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 471 shares
Net Buy
1 txn
Insider
Stones Charles A
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 — 2,441 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 Charles A. Stones report on Form 4?
Charles A. Stones reported receiving 471 restricted stock units of Class C Non-Voting Common Stock as a grant under Federal Agricultural Mortgage Corp’s omnibus incentive plan, for no cash consideration. These units represent equity-based compensation rather than an open-market stock purchase.
When do Charles A. Stones’ newly granted AGM restricted stock units vest?
The 471 restricted stock units granted to Charles A. Stones are scheduled to vest on March 31, 2027. Vesting is contingent on him remaining a director of Federal Agricultural Mortgage Corp, also known as Farmer Mac, through that vesting date under the plan’s terms.
Did Charles A. Stones pay cash for the 471 AGM restricted stock units he received?
No, the 471 restricted stock units were granted for no consideration under Federal Agricultural Mortgage Corp’s Amended and Restated 2008 Omnibus Incentive Plan. This means the units were awarded as part of his director compensation rather than purchased in the market.
What class of Federal Agricultural Mortgage Corp stock was granted to Charles A. Stones?
The grant to Charles A. Stones consists of Class C Non-Voting Common Stock in the form of restricted stock units. These RSUs convert into shares of Class C Non-Voting Common Stock upon vesting, subject to his continued service on the company’s board through the vesting dates.