AGM (NYSE: AGM) director boosts holdings via stock retainer election

Rhea-AI Filing Summary

Federal Agricultural Mortgage Corp director Todd P. Ware increased his equity stake through a stock-based fee election. On June 30, he acquired 21 shares of Class C Non-Voting Common Stock at a market value of $199.27 per share instead of taking part of his quarterly cash retainer.

Following this grant, Ware directly holds 4,495 shares of Class C Non-Voting Common Stock. His holdings also include 471 unvested restricted stock units scheduled to vest on March 31, 2027, if he continues to serve as a director.

Insider Trade Summary

Net Buyer: 21 shares

Net Buy 1 txn

Insider Ware Todd P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class C Non-Voting Common Stock	21	$199.27	$4K

Holdings After Transaction: Class C Non-Voting Common Stock — 4,495 shares (Direct)

Footnotes (2)

1. 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 June 30, 2026, the last business day of the quarter, as reported by the New York Stock Exchange.
2. 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 granted: 21 shares Grant price: $199.27 per share Shares held after: 4,495 shares +1 more

4 metrics

Shares granted 21 shares Class C Non-Voting Common Stock grant on June 30, 2026

Grant price $199.27 per share Closing market price on June 30, 2026

Shares held after 4,495 shares Direct Class C Non-Voting Common Stock following grant

Unvested RSUs 471 units Unvested restricted stock units vesting March 31, 2027 if still director

Key Terms

Class C Non-Voting Common Stock, quarterly retainer, restricted stock units, unvested

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 in cash."

quarterly retainer financial

"in lieu of receiving some or all of the director's quarterly retainer in cash."

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.

unvested financial

"Includes 471 unvested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2027..."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:21 PM Accepted by SEC EDGAR 07/02/2026 - 04:19 PM Learn about SEC filing dates

FAQ

What did director Todd P. Ware do in this Federal Agricultural Mortgage (AGM) Form 4 filing?

Director Todd P. Ware received 21 shares of Class C Non-Voting Common Stock as compensation. He elected to take part of his quarterly director retainer in stock at market value instead of cash, increasing his direct share ownership in the company.

At what price were the AGM shares issued to Todd P. Ware?

The 21 AGM Class C Non-Voting Common shares were issued at $199.27 per share. This price reflects the closing market value on June 30, 2026, which was the last business day of the quarter, as reported by the New York Stock Exchange.

How many Federal Agricultural Mortgage (AGM) shares does Todd P. Ware hold after this transaction?

After this transaction, Todd P. Ware directly holds 4,495 shares of AGM Class C Non-Voting Common Stock. This figure reflects his updated direct ownership position immediately following the June 30 stock-based compensation grant reported in the Form 4 filing.

Is this AGM Form 4 transaction an open-market purchase or compensation grant?

This transaction is a compensation-related grant, not an open-market purchase. The shares were issued under Ware’s existing election to receive newly issued AGM Class C Non-Voting Common Stock in place of some or all of his quarterly cash director retainer.

Does Todd P. Ware have unvested equity awards in AGM in addition to his shares?

Yes. His holdings include 471 unvested restricted stock units of AGM Class C Non-Voting Common Stock. These units are scheduled to vest on March 31, 2027, provided he remains a director of Federal Agricultural Mortgage Corp through that vesting date.

What date is used to determine the market value for Todd P. Ware’s AGM stock grant?

The market value for the stock grant is based on the closing price on June 30, 2026. This date is the last business day of the quarter, and the closing price was reported by the New York Stock Exchange for AGM’s Class C Non-Voting Common Stock.

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^*

Ware Todd P

(Last) (First) (Middle)

C/O FARMER MAC

2100 PENNSYLVANIA AVE NW, SUITE 450N

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20037

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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	06/30/2026		A		21(1)	A	$199.27	4,495(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. 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 June 30, 2026, the last business day of the quarter, as reported by the New York Stock Exchange.

2. 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.

Remarks:

	Geraldine I. Hayhurst, as attorney-in-fact for Todd P. Ware	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)