Federal Agricultural Mortgage (AGM) director awarded 471 restricted shares

Rhea-AI Filing Summary

Riel Kevin G. reported acquisition or exercise transactions in this Form 4 filing.

Federal Agricultural Mortgage Corp director Kevin G. Riel reported an equity award of 471 shares of Class C Non-Voting Common Stock. The grant consists of restricted stock units awarded for no consideration under the company’s Amended and Restated 2008 Omnibus Incentive Plan.

All 471 restricted stock units will vest on March 31, 2027, provided he remains a director on that date. Following this award, his holdings in Class C Non-Voting Common Stock total 1,152 shares, including 376 restricted shares vesting on March 31, 2026 and 471 vesting on March 31, 2027.

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
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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^*

Riel Kevin G.

(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)	1,152(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 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.

Remarks:

	Geraldine I. Hayhurst, as attorney-in-fact for Kevin G. Riel	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.

FAQ

What insider transaction did AGM director Kevin G. Riel report?

Kevin G. Riel reported receiving a grant of 471 restricted stock units of Class C Non-Voting Common Stock. The award was issued for no consideration under Federal Agricultural Mortgage Corp’s Amended and Restated 2008 Omnibus Incentive Plan as equity compensation.

When do Kevin G. Riel’s newly granted AGM restricted stock units vest?

All 471 newly granted restricted stock units will vest on March 31, 2027. Vesting is contingent on Kevin G. Riel continuing to serve as a director of Federal Agricultural Mortgage Corp through that date, according to the disclosed award terms.

How many AGM Class C Non-Voting shares does Kevin G. Riel hold after this Form 4?

After this grant, Kevin G. Riel holds a total of 1,152 shares of Class C Non-Voting Common Stock. This total includes 376 restricted shares vesting March 31, 2026 and 471 restricted shares vesting March 31, 2027, subject to continued board service.

What plan governs the AGM restricted stock units granted to Kevin G. Riel?

The restricted stock units were granted under Federal Agricultural Mortgage Corp’s Amended and Restated 2008 Omnibus Incentive Plan. This plan provides for equity awards, and the disclosed grant to Kevin G. Riel was made for no cash consideration as part of director compensation.

Is Kevin G. Riel’s AGM Form 4 transaction a purchase or an award?

The transaction is an award, not an open-market purchase. The Form 4 lists transaction code “A” for a grant, award, or other acquisition, and the footnotes specify a grant of restricted stock units for no consideration under the company’s incentive plan.