STOCK TITAN

[Form 4] Federal Agricultural Mortgage Corporation Class A Voting Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 Overview: On 06/30/2025, Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM) director Todd P. Ware acquired a small block of company stock under the board’s cash-in-lieu stock election program.

  • Security: Class C Non-Voting Common Stock.
  • Shares acquired: 20 shares.
  • Price: $194.28 per share (closing price on 06/30/2025).
  • Total value: roughly $3,886.
  • Ownership after transaction: 3,928 Class C shares, of which 376 are time-vested RSUs scheduled to vest on 03/31/2026, subject to continued board service.
  • Transaction code: “A” (acquisition) – shares were newly issued in lieu of a portion of the quarterly cash retainer.

Context: The purchase is routine, reflects an established compensation election, and does not involve open-market buying or selling. No derivative securities were reported, and there is no indication of additional insider activity.

Materiality assessment: The acquisition is immaterial relative to Farmer Mac’s market capitalization and trading volume. While insider buying can be viewed favorably, the small size and compensation-related nature suggest limited signaling value for investors.

Panoramica del Modulo 4: Il 30/06/2025, Todd P. Ware, direttore della Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM), ha acquisito un piccolo blocco di azioni della società nell'ambito del programma del consiglio di amministrazione per l'opzione di azioni in sostituzione del compenso in contanti.

  • Titolo: Azioni ordinarie di Classe C senza diritto di voto.
  • Azioni acquisite: 20 azioni.
  • Prezzo: 194,28$ per azione (prezzo di chiusura del 30/06/2025).
  • Valore totale: circa 3.886$.
  • Partecipazione dopo la transazione: 3.928 azioni di Classe C, di cui 376 sono RSU con maturazione temporale prevista per il 31/03/2026, subordinata al mantenimento del ruolo nel consiglio.
  • Codice transazione: “A” (acquisizione) – azioni emesse ex novo in sostituzione di una parte del compenso trimestrale in contanti.

Contesto: L'acquisto è di routine, riflette un'opzione di compenso già stabilita e non coinvolge compravendite sul mercato aperto. Non sono stati riportati strumenti derivati e non ci sono indicazioni di ulteriori attività da parte dell'insider.

Valutazione della rilevanza: L'acquisizione è irrilevante rispetto alla capitalizzazione di mercato e al volume di scambi di Farmer Mac. Sebbene l'acquisto da parte di un insider possa essere interpretato positivamente, la piccola entità e la natura legata al compenso suggeriscono un valore limitato come segnale per gli investitori.

Resumen del Formulario 4: El 30/06/2025, Todd P. Ware, director de Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM), adquirió un pequeño bloque de acciones de la compañía bajo el programa del consejo para la elección de acciones en lugar de efectivo.

  • Valor: Acciones ordinarias Clase C sin derecho a voto.
  • Acciones adquiridas: 20 acciones.
  • Precio: 194,28$ por acción (precio de cierre del 30/06/2025).
  • Valor total: aproximadamente 3.886$.
  • Participación tras la transacción: 3.928 acciones Clase C, de las cuales 376 son RSU con vencimiento programado para el 31/03/2026, sujeto a la continuidad en el consejo.
  • Código de transacción: “A” (adquisición) – acciones emitidas nuevas en lugar de parte de la retribución trimestral en efectivo.

Contexto: La compra es rutinaria, refleja una elección de compensación establecida y no implica compras o ventas en el mercado abierto. No se reportaron valores derivados y no hay indicios de actividad adicional de insiders.

Evaluación de materialidad: La adquisición es insignificante en relación con la capitalización de mercado y el volumen de negociación de Farmer Mac. Aunque la compra por parte de un insider puede ser vista favorablemente, el tamaño pequeño y la naturaleza vinculada a la compensación sugieren un valor limitado como señal para los inversores.

Form 4 개요: 2025년 6월 30일, 연방농업담보공사(“Farmer Mac”, 티커 AGM) 이사 Todd P. Ware가 이사회 현금 대신 주식 선택 프로그램을 통해 소량의 회사 주식을 취득했습니다.

  • 증권 종류: 클래스 C 비의결 보통주.
  • 취득 주식 수: 20주.
  • 가격: 주당 194.28달러 (2025년 6월 30일 종가).
  • 총 가치: 약 3,886달러.
  • 거래 후 소유 주식: 3,928주 클래스 C 주식, 이 중 376주는 2026년 3월 31일에 베스팅 예정인 시간 기반 RSU로, 계속 이사회 근무 조건이 붙어 있습니다.
  • 거래 코드: “A”(취득) – 분기 현금 보수의 일부 대신 새로 발행된 주식입니다.

배경: 이번 매수는 일상적인 절차로, 이미 정해진 보상 선택 사항을 반영하며, 공개 시장에서의 매매는 포함되지 않습니다. 파생 증권 보고는 없었고 추가 내부자 활동 징후도 없습니다.

중요성 평가: 이번 주식 취득은 Farmer Mac의 시가총액과 거래량에 비해 미미한 수준입니다. 내부자 매수는 긍정적으로 볼 수 있으나, 소량이고 보상 관련 거래라는 점에서 투자자에 대한 신호 가치는 제한적입니다.

Présentation du Formulaire 4 : Le 30/06/2025, Todd P. Ware, administrateur de la Federal Agricultural Mortgage Corporation (« Farmer Mac », ticker AGM), a acquis un petit bloc d’actions de la société dans le cadre du programme d’échange d’actions contre rémunération en espèces du conseil d’administration.

  • Titre : Actions ordinaires de Classe C sans droit de vote.
  • Actions acquises : 20 actions.
  • Prix : 194,28 $ par action (cours de clôture au 30/06/2025).
  • Valeur totale : environ 3 886 $.
  • Participation après la transaction : 3 928 actions de Classe C, dont 376 RSU à acquisition progressive prévue le 31/03/2026, sous réserve de la poursuite du mandat au conseil.
  • Code de transaction : « A » (acquisition) – actions nouvellement émises en lieu et place d’une partie de la rémunération trimestrielle en espèces.

Contexte : Cet achat est de routine, reflète une option de rémunération établie et n’implique pas d’achats ou ventes sur le marché ouvert. Aucun titre dérivé n’a été déclaré et aucune autre activité d’initié n’a été signalée.

Évaluation de la matérialité : L’acquisition est insignifiante par rapport à la capitalisation boursière et au volume d’échanges de Farmer Mac. Bien que l’achat par un initié puisse être perçu positivement, la petite taille et le caractère lié à la rémunération suggèrent une valeur limitée comme signal pour les investisseurs.

Formular 4 Übersicht: Am 30.06.2025 erwarb Todd P. Ware, Direktor der Federal Agricultural Mortgage Corporation („Farmer Mac“, Ticker AGM), im Rahmen des Aktienwahlprogramms des Vorstands eine kleine Menge Aktien des Unternehmens gegen Barvergütung.

  • Wertpapier: Klasse C stimmloses Stammaktien.
  • Erworbene Aktien: 20 Aktien.
  • Preis: 194,28 USD pro Aktie (Schlusskurs am 30.06.2025).
  • Gesamtwert: ca. 3.886 USD.
  • Besitz nach der Transaktion: 3.928 Klasse C Aktien, davon 376 zeitlich gestaffelte RSUs mit Fälligkeit am 31.03.2026, vorbehaltlich fortgesetzter Vorstandszugehörigkeit.
  • Transaktionscode: „A“ (Erwerb) – Aktien wurden neu ausgegeben anstelle eines Teils der vierteljährlichen Barvergütung.

Kontext: Der Kauf ist Routine, spiegelt eine festgelegte Vergütungswahl wider und umfasst keinen Handel am offenen Markt. Es wurden keine Derivate gemeldet und es gibt keine Hinweise auf weitere Insideraktivitäten.

Wesentlichkeitsbewertung: Der Erwerb ist im Verhältnis zur Marktkapitalisierung und zum Handelsvolumen von Farmer Mac unerheblich. Obwohl Insiderkäufe positiv bewertet werden können, deutet die geringe Größe und die vergütungsbezogene Natur auf einen begrenzten Signalwert für Investoren hin.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director retainer stock election; 20 shares added, no material impact on AGM valuation or outlook.

The filing shows Director Todd P. Ware converted a portion of his Q2 retainer into 20 newly issued Class C shares at the quarter-end closing price. His aggregate direct holding now stands at 3,928 shares (≈0.04% of Class C float). Because the shares were not bought on the open market and the dollar amount is below $4,000, the transaction is overwhelmingly administrative. Such activity neither alters float meaningfully nor provides a strong insider‐confidence signal. Consequently, I view the disclosure as neutral for the stock.

Panoramica del Modulo 4: Il 30/06/2025, Todd P. Ware, direttore della Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM), ha acquisito un piccolo blocco di azioni della società nell'ambito del programma del consiglio di amministrazione per l'opzione di azioni in sostituzione del compenso in contanti.

  • Titolo: Azioni ordinarie di Classe C senza diritto di voto.
  • Azioni acquisite: 20 azioni.
  • Prezzo: 194,28$ per azione (prezzo di chiusura del 30/06/2025).
  • Valore totale: circa 3.886$.
  • Partecipazione dopo la transazione: 3.928 azioni di Classe C, di cui 376 sono RSU con maturazione temporale prevista per il 31/03/2026, subordinata al mantenimento del ruolo nel consiglio.
  • Codice transazione: “A” (acquisizione) – azioni emesse ex novo in sostituzione di una parte del compenso trimestrale in contanti.

Contesto: L'acquisto è di routine, riflette un'opzione di compenso già stabilita e non coinvolge compravendite sul mercato aperto. Non sono stati riportati strumenti derivati e non ci sono indicazioni di ulteriori attività da parte dell'insider.

Valutazione della rilevanza: L'acquisizione è irrilevante rispetto alla capitalizzazione di mercato e al volume di scambi di Farmer Mac. Sebbene l'acquisto da parte di un insider possa essere interpretato positivamente, la piccola entità e la natura legata al compenso suggeriscono un valore limitato come segnale per gli investitori.

Resumen del Formulario 4: El 30/06/2025, Todd P. Ware, director de Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM), adquirió un pequeño bloque de acciones de la compañía bajo el programa del consejo para la elección de acciones en lugar de efectivo.

  • Valor: Acciones ordinarias Clase C sin derecho a voto.
  • Acciones adquiridas: 20 acciones.
  • Precio: 194,28$ por acción (precio de cierre del 30/06/2025).
  • Valor total: aproximadamente 3.886$.
  • Participación tras la transacción: 3.928 acciones Clase C, de las cuales 376 son RSU con vencimiento programado para el 31/03/2026, sujeto a la continuidad en el consejo.
  • Código de transacción: “A” (adquisición) – acciones emitidas nuevas en lugar de parte de la retribución trimestral en efectivo.

Contexto: La compra es rutinaria, refleja una elección de compensación establecida y no implica compras o ventas en el mercado abierto. No se reportaron valores derivados y no hay indicios de actividad adicional de insiders.

Evaluación de materialidad: La adquisición es insignificante en relación con la capitalización de mercado y el volumen de negociación de Farmer Mac. Aunque la compra por parte de un insider puede ser vista favorablemente, el tamaño pequeño y la naturaleza vinculada a la compensación sugieren un valor limitado como señal para los inversores.

Form 4 개요: 2025년 6월 30일, 연방농업담보공사(“Farmer Mac”, 티커 AGM) 이사 Todd P. Ware가 이사회 현금 대신 주식 선택 프로그램을 통해 소량의 회사 주식을 취득했습니다.

  • 증권 종류: 클래스 C 비의결 보통주.
  • 취득 주식 수: 20주.
  • 가격: 주당 194.28달러 (2025년 6월 30일 종가).
  • 총 가치: 약 3,886달러.
  • 거래 후 소유 주식: 3,928주 클래스 C 주식, 이 중 376주는 2026년 3월 31일에 베스팅 예정인 시간 기반 RSU로, 계속 이사회 근무 조건이 붙어 있습니다.
  • 거래 코드: “A”(취득) – 분기 현금 보수의 일부 대신 새로 발행된 주식입니다.

배경: 이번 매수는 일상적인 절차로, 이미 정해진 보상 선택 사항을 반영하며, 공개 시장에서의 매매는 포함되지 않습니다. 파생 증권 보고는 없었고 추가 내부자 활동 징후도 없습니다.

중요성 평가: 이번 주식 취득은 Farmer Mac의 시가총액과 거래량에 비해 미미한 수준입니다. 내부자 매수는 긍정적으로 볼 수 있으나, 소량이고 보상 관련 거래라는 점에서 투자자에 대한 신호 가치는 제한적입니다.

Présentation du Formulaire 4 : Le 30/06/2025, Todd P. Ware, administrateur de la Federal Agricultural Mortgage Corporation (« Farmer Mac », ticker AGM), a acquis un petit bloc d’actions de la société dans le cadre du programme d’échange d’actions contre rémunération en espèces du conseil d’administration.

  • Titre : Actions ordinaires de Classe C sans droit de vote.
  • Actions acquises : 20 actions.
  • Prix : 194,28 $ par action (cours de clôture au 30/06/2025).
  • Valeur totale : environ 3 886 $.
  • Participation après la transaction : 3 928 actions de Classe C, dont 376 RSU à acquisition progressive prévue le 31/03/2026, sous réserve de la poursuite du mandat au conseil.
  • Code de transaction : « A » (acquisition) – actions nouvellement émises en lieu et place d’une partie de la rémunération trimestrielle en espèces.

Contexte : Cet achat est de routine, reflète une option de rémunération établie et n’implique pas d’achats ou ventes sur le marché ouvert. Aucun titre dérivé n’a été déclaré et aucune autre activité d’initié n’a été signalée.

Évaluation de la matérialité : L’acquisition est insignifiante par rapport à la capitalisation boursière et au volume d’échanges de Farmer Mac. Bien que l’achat par un initié puisse être perçu positivement, la petite taille et le caractère lié à la rémunération suggèrent une valeur limitée comme signal pour les investisseurs.

Formular 4 Übersicht: Am 30.06.2025 erwarb Todd P. Ware, Direktor der Federal Agricultural Mortgage Corporation („Farmer Mac“, Ticker AGM), im Rahmen des Aktienwahlprogramms des Vorstands eine kleine Menge Aktien des Unternehmens gegen Barvergütung.

  • Wertpapier: Klasse C stimmloses Stammaktien.
  • Erworbene Aktien: 20 Aktien.
  • Preis: 194,28 USD pro Aktie (Schlusskurs am 30.06.2025).
  • Gesamtwert: ca. 3.886 USD.
  • Besitz nach der Transaktion: 3.928 Klasse C Aktien, davon 376 zeitlich gestaffelte RSUs mit Fälligkeit am 31.03.2026, vorbehaltlich fortgesetzter Vorstandszugehörigkeit.
  • Transaktionscode: „A“ (Erwerb) – Aktien wurden neu ausgegeben anstelle eines Teils der vierteljährlichen Barvergütung.

Kontext: Der Kauf ist Routine, spiegelt eine festgelegte Vergütungswahl wider und umfasst keinen Handel am offenen Markt. Es wurden keine Derivate gemeldet und es gibt keine Hinweise auf weitere Insideraktivitäten.

Wesentlichkeitsbewertung: Der Erwerb ist im Verhältnis zur Marktkapitalisierung und zum Handelsvolumen von Farmer Mac unerheblich. Obwohl Insiderkäufe positiv bewertet werden können, deutet die geringe Größe und die vergütungsbezogene Natur auf einen begrenzten Signalwert für Investoren hin.

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 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)
06/30/2025
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 06/30/2025 A 20(1) A $194.28 3,928(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, 2025, the last business day of the quarter, as reported by the New York Stock Exchange.
2. Includes 376 time-vested restricted stock units of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2026, if the Reporting Person remains a director of Farmer Mac on that date.
Remarks:
Stephen P. Mullery, as attorney-in-fact for Todd P. Ware 07/02/2025
** 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

How many AGM shares did Director Todd P. Ware acquire?

He acquired 20 shares of Class C Non-Voting Common Stock on 06/30/2025.

What was the purchase price of the AGM shares in the Form 4?

The shares were issued at $194.28, the NYSE closing price on 06/30/2025.

How many AGM shares does Todd P. Ware own after the transaction?

Following the acquisition, he beneficially owns 3,928 Class C shares, including 376 RSUs.

Was the AGM insider trade part of a 10b5-1 plan?

Yes, the Form 4 indicates the purchase was executed under the director’s standing compensation election plan, consistent with Rule 10b5-1(c).

Does this Form 4 filing impact Farmer Mac’s share count significantly?

No. The issuance of 20 new shares is immaterial relative to the company’s total shares outstanding.
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