Director Todd Ware receives 471 AGM (NYSE: AGM) Class C RSUs vesting 2027

Rhea-AI Filing Summary

Federal Agricultural Mortgage Corp director Todd P. Ware received an equity award of the company’s Class C Non-Voting Common Stock. On March 5, 2026, he acquired 471 shares through a grant of restricted stock units (RSUs) at no cash cost under Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan.

The RSUs will vest on March 31, 2027, if he remains a director on that date. After this grant, he directly holds 4,446 Class C Non-Voting shares, including 376 restricted shares scheduled to vest on March 31, 2026, and 471 restricted shares scheduled to vest on March 31, 2027, subject to continued board service.

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

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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^*

Ware Todd P

(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)	4,446(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 Todd P. Ware	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 Todd P. Ware report?

Todd P. Ware reported an equity award from Federal Agricultural Mortgage Corp (AGM). On March 5, 2026, he acquired 471 Class C Non-Voting Common shares via a restricted stock unit grant, received for no cash consideration under Farmer Mac’s 2008 Omnibus Incentive Plan.

Was cash paid for the AGM shares granted to Todd P. Ware?

No cash was paid for the award. The 471 AGM Class C Non-Voting shares were granted as restricted stock units for no consideration under Farmer Mac’s incentive plan, reflecting typical director equity compensation rather than an open-market purchase or sale transaction.

When do Todd P. Ware’s new AGM restricted stock units vest?

The 471 newly granted AGM restricted stock units vest on March 31, 2027, provided Todd P. Ware remains a director of Federal Agricultural Mortgage Corp (Farmer Mac) through that date, aligning the award with continued board service requirements.

How many AGM shares does Todd P. Ware hold after this Form 4 transaction?

After the grant, Todd P. Ware directly holds 4,446 shares of AGM Class C Non-Voting Common Stock. This total includes 376 restricted shares vesting March 31, 2026 and 471 restricted shares vesting March 31, 2027, contingent on continued board service.

What incentive plan was used for Todd P. Ware’s AGM RSU award?

The grant to Todd P. Ware was made under the Amended and Restated 2008 Omnibus Incentive Plan of Federal Agricultural Mortgage Corporation (Farmer Mac). This plan authorizes equity-based awards, including restricted stock units of Class C Non-Voting Common Stock for directors.