Director of Farmer Mac (NYSE: AGM) adds stock via fee election
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Federal Agricultural Mortgage Corp director Eric T. McKissack acquired 14 shares of Class C Non-Voting Common Stock at $148.35 per share. The shares were issued under his prior election to receive newly issued stock instead of some or all of his quarterly cash retainer.
After this transaction, he directly owns 2,874 shares of this class. His holdings also include 471 unvested restricted stock units of Class C Non-Voting Common Stock that are scheduled to vest on March 31, 2027, if he remains a director on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKissack Eric T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Non-Voting Common Stock | 14 | $148.35 | $2K |
Holdings After Transaction:
Class C Non-Voting Common Stock — 2,874 shares (Direct)
Footnotes (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 March 31, 2026, the last business day of the quarter, as reported by the New York Stock Exchange. 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 acquired: 14 shares
Price per share: $148.35/share
Direct holdings after transaction: 2,874 shares
+1 more
4 metrics
Shares acquired
14 shares
Class C Non-Voting Common Stock on March 31, 2026
Price per share
$148.35/share
Closing price on March 31, 2026 NYSE
Direct holdings after transaction
2,874 shares
Class C Non-Voting Common Stock held directly
Unvested RSUs
471 units
Restricted stock units vesting March 31, 2027 if still director
Key Terms
Class C Non-Voting Common Stock, quarterly retainer, restricted stock units
3 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"
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.
FAQ
What insider transaction did AGM director Eric T. McKissack report?
Eric T. McKissack reported acquiring 14 shares of Federal Agricultural Mortgage Corp Class C Non-Voting Common Stock at $148.35 per share. The shares were issued as part of his election to take director fees in stock instead of cash.
Does Eric T. McKissack hold any unvested AGM restricted stock units?
Yes. He holds 471 unvested restricted stock units of AGM Class C Non-Voting Common Stock. These RSUs are scheduled to vest on March 31, 2027, if he continues to serve as a director through that date.