Farmer Mac director takes fees in stock

Federal Agricultural Mortgage Corp director Lowell Junkins acquired additional shares through compensation.

Accepted by SEC EDGAR 04/02/2026 - 05:33 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Federal Agricultural Mortgage Corp director Lowell Junkins acquired additional shares through compensation. On March 31, 2026, he received 9 shares of Class C Non-Voting Common Stock at a market value of $148.35 per share instead of taking part of his quarterly cash retainer.

After this grant, Junkins directly holds 10,927.232 Class C Non-Voting Common shares. His holdings also include 471 unvested restricted stock units scheduled to vest on March 31, 2027 if he continues serving as a director.

Insider Trade Summary

Grant/Award: 9 shares

Grant/Award 1 txn

Insider JUNKINS LOWELL

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class C Non-Voting Common Stock	9	$148.35	$1K

Holdings After Transaction: Class C Non-Voting Common Stock — 10,927.232 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 March 31, 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: 9 shares Grant price: $148.35 per share Shares held after transaction: 10,927.232 shares +1 more

4 metrics

Shares granted 9 shares Class C Non-Voting Common Stock granted March 31, 2026

Grant price $148.35 per share Market value based on NYSE close March 31, 2026

Shares held after transaction 10,927.232 shares Director’s direct Class C Non-Voting Common holdings

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

Key Terms

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

4 terms

Class C Non-Voting Common Stock financial

"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"

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.

quarterly retainer financial

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

market value financial

"The market value is the closing price of the stock on March 31, 2026"

Market value is the total worth investors place on a publicly traded company at a given moment, calculated by multiplying the current share price by the number of shares outstanding — like the price tag you’d see if you tried to buy the whole business today. It matters to investors because it shows how the market views a company’s size, growth prospects and risk, influences index membership and investment strategies, and helps compare companies the way you’d compare houses by their market prices.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AGM director Lowell Junkins report?

AGM director Lowell Junkins reported acquiring 9 shares of Class C Non-Voting Common Stock as compensation. The shares were issued at $148.35 each in lieu of part of his quarterly cash retainer, reflecting an election to receive stock instead of cash fees.

Was the AGM insider transaction an open-market purchase or compensation grant?

The AGM insider transaction was a compensation-related grant, not an open-market purchase. Shares were issued at market value under Junkins’ prior election to receive Class C Non-Voting Common Stock instead of some or all of his quarterly director cash retainer.

How many AGM shares does director Lowell Junkins hold after this Form 4?

After this transaction, director Lowell Junkins directly holds 10,927.232 shares of AGM Class C Non-Voting Common Stock. His position also includes 471 unvested restricted stock units that are scheduled to vest on March 31, 2027, if he remains a director on that date.

At what price were the new AGM shares for director compensation valued?

The 9 newly issued AGM Class C Non-Voting Common shares were valued at $148.35 per share. This reflects the New York Stock Exchange closing price on March 31, 2026, the last business day of the quarter, used to determine the director’s stock-based quarterly retainer.

What future equity is scheduled to vest for AGM director Lowell Junkins?

Lowell Junkins has 471 unvested restricted stock units of AGM Class C Non-Voting Common Stock. These RSUs are scheduled to vest on March 31, 2027, provided he continues serving as a director of Federal Agricultural Mortgage Corp through that vesting date.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

JUNKINS LOWELL

(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)
03/31/2026

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	03/31/2026		A		9(1)	A	$148.35	10,927.232(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 March 31, 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 Lowell L. Junkins	04/02/2026
	** 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)