AGM (NYSE: AGM) accounting chief receives 471 restricted stock units grant
Rhea-AI Filing Summary
Ramsey Gregory reported acquisition or exercise transactions in this Form 4 filing.
Federal Agricultural Mortgage Corp reported that Principal Accounting Officer Gregory Ramsey received an equity award of 471 shares of Class C Non-Voting Common Stock in the form of restricted stock units for no cash consideration. These RSUs vest in three equal installments of 157 units on March 31, 2027, March 31, 2028, and March 31, 2029, contingent on continued employment. After this grant, Ramsey beneficially owns 3,556 Class C shares, including 854 previously granted unvested RSUs under the company’s omnibus incentive plan.
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Insider Trade Summary
Net Buyer: 471 shares
Net Buy
1 txn
Insider
Ramsey Gregory
Role
Principal Accounting Officer
| 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 — 3,556 shares (Direct)
Footnotes (2)
- F1. Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 157 RSUs, each of which will vest on March 31, 2027, March 31, 2028, and March 31, 2029, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
- F2. In addition to the RSUs reported in this filing, includes 854 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.
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FAQ
What insider transaction did AGM Principal Accounting Officer Gregory Ramsey report?
Gregory Ramsey reported receiving an award of 471 restricted stock units of AGM Class C Non-Voting Common Stock. The grant was made for no cash consideration under the company’s Amended and Restated 2008 Omnibus Incentive Plan as part of his equity compensation.
How do Gregory Ramsey’s new AGM restricted stock units vest?
The 471 AGM restricted stock units vest in three equal installments of 157 units each. Vesting dates are March 31, 2027, March 31, 2028, and March 31, 2029, and each tranche requires that Ramsey remain an employee of Farmer Mac on the applicable vesting date.
Does Gregory Ramsey hold other unvested AGM restricted stock units besides this grant?
Yes. In addition to the 471 newly awarded restricted stock units, Ramsey holds 854 unvested restricted stock units previously granted under AGM’s omnibus incentive plan. These earlier awards were disclosed in his prior Section 16 filings under the Securities Exchange Act of 1934.
Did Gregory Ramsey pay cash for the AGM restricted stock unit grant reported?
No. The filing states the 471 restricted stock units were granted for no consideration under AGM’s Amended and Restated 2008 Omnibus Incentive Plan. This reflects a typical equity compensation award rather than an open-market stock purchase transaction by the executive.