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: Director James R. Engebretsen acquired 97 shares of Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM) Class C Non-Voting Common Stock on 06/30/2025 at $194.28 per share, a transaction worth roughly $18.8 thousand.

The shares were issued pursuant to the director’s standing election to receive equity in lieu of part of his quarterly cash retainer. Following the issuance, the director now directly owns 15,975 shares, which include 376 time-vested RSUs scheduled to vest on 03/31/2026 contingent on continued board service. No derivative securities were bought or sold.

Materiality & Implications: The 97-share purchase represents an immaterial fraction of both the director’s total holdings and Farmer Mac’s overall share count, indicating a routine compensation-related issuance rather than a discretionary insider buy. While the move incrementally increases insider ownership and aligns incentives, it is unlikely to have a measurable impact on AGM’s valuation or trading dynamics.

Panoramica del Modulo 4: Il direttore James R. Engebretsen ha acquisito 97 azioni della Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM) Classe C Azioni Ordinarie Non-Votanti il 30/06/2025 al prezzo di $194,28 per azione, per un valore complessivo di circa $18.8 mila.

Le azioni sono state emesse in base alla scelta permanente del direttore di ricevere azioni invece di una parte del compenso trimestrale in contanti. Dopo l’assegnazione, il direttore possiede direttamente 15.975 azioni, comprese 376 RSU con maturazione temporale previste per il 31/03/2026, subordinatamente alla continuazione del servizio nel consiglio. Non sono stati acquistati o venduti titoli derivati.

Rilevanza e Implicazioni: L’acquisto di 97 azioni rappresenta una frazione irrilevante sia del totale delle partecipazioni del direttore sia del numero complessivo di azioni di Farmer Mac, indicando un’emissione ordinaria legata alla remunerazione piuttosto che un acquisto discrezionale da parte di un insider. Sebbene incrementi leggermente la partecipazione interna e allinei gli incentivi, è improbabile che abbia un impatto significativo sulla valutazione o sulle dinamiche di negoziazione di AGM.

Resumen del Formulario 4: El director James R. Engebretsen adquirió 97 acciones de Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM) Clase C de acciones ordinarias sin derecho a voto el 30/06/2025 a $194.28 por acción, en una transacción valorada aproximadamente en $18.8 mil.

Las acciones fueron emitidas conforme a la elección permanente del director de recibir acciones en lugar de parte de su remuneración trimestral en efectivo. Tras la emisión, el director posee directamente 15,975 acciones, que incluyen 376 RSU con vesting temporal programadas para el 31/03/2026, condicionadas a la continuidad en la junta. No se compraron ni vendieron valores derivados.

Importancia e Implicaciones: La compra de 97 acciones representa una fracción insignificante tanto de la tenencia total del director como del total de acciones de Farmer Mac, lo que indica una emisión rutinaria relacionada con la compensación en lugar de una compra discrecional de un insider. Aunque incrementa ligeramente la propiedad interna y alinea incentivos, es poco probable que tenga un impacto medible en la valoración o dinámica de negociación de AGM.

폼 4 개요: 이사 제임스 R. 엔게브레첸은 2025년 6월 30일에 Federal Agricultural Mortgage Corporation("Farmer Mac", 티커 AGM) 클래스 C 무의결권 보통주 97주를 주당 $194.28에 취득했으며, 총 거래 금액은 약 $18,800입니다.

이 주식은 이사가 분기 현금 보수의 일부 대신 주식으로 받기로 한 정기 선택에 따라 발행되었습니다. 발행 후 이사는 직접 15,975주를 보유하게 되었으며, 이 중 376주2026년 3월 31일에 계속 이사회 근무 조건으로 확정되는 RSU입니다. 파생 증권의 매매는 없었습니다.

중요성 및 시사점: 97주 매입은 이사의 전체 보유 주식과 Farmer Mac의 총 발행 주식 수에 비해 미미한 비중으로, 임의의 내부자 매수가 아닌 보상 관련 정기 발행임을 나타냅니다. 내부자 지분이 소폭 증가하고 이해관계가 일치하지만, AGM의 가치 평가나 거래 동향에 미치는 영향은 크지 않을 것으로 보입니다.

Présentation du formulaire 4 : Le directeur James R. Engebretsen a acquis 97 actions de la Federal Agricultural Mortgage Corporation (« Farmer Mac », symbole AGM) de catégorie C, actions ordinaires sans droit de vote, le 30/06/2025 au prix de 194,28 $ par action, pour une transaction d’environ 18,8 mille dollars.

Ces actions ont été émises conformément au choix permanent du directeur de recevoir des actions en lieu et place d’une partie de sa rémunération trimestrielle en espèces. Après cette émission, le directeur détient désormais directement 15 975 actions, dont 376 RSU à acquisition différée prévues pour le 31/03/2026, sous réserve de la poursuite de son mandat au conseil. Aucun titre dérivé n’a été acheté ou vendu.

Importance et implications : L’achat de 97 actions représente une fraction négligeable tant des avoirs totaux du directeur que du nombre total d’actions de Farmer Mac, indiquant une émission liée à la rémunération plutôt qu’un achat discrétionnaire d’initié. Bien que cette opération augmente légèrement la participation interne et aligne les intérêts, elle est peu susceptible d’avoir un impact mesurable sur la valorisation ou la dynamique de négociation d’AGM.

Übersicht Formular 4: Direktor James R. Engebretsen erwarb am 30.06.2025 97 Aktien der Federal Agricultural Mortgage Corporation („Farmer Mac“, Ticker AGM) Klasse C stimmloser Stammaktien zum Preis von $194,28 pro Aktie, eine Transaktion im Wert von etwa $18,8 Tausend.

Die Aktien wurden im Rahmen der festen Wahl des Direktors ausgegeben, einen Teil seiner vierteljährlichen Barvergütung in Aktien umzuwandeln. Nach der Ausgabe besitzt der Direktor nun direkt 15.975 Aktien, darunter 376 zeitlich gestaffelte RSUs, die am 31.03.2026 unter der Voraussetzung der fortgesetzten Vorstandszugehörigkeit fällig werden. Es wurden keine Derivatwerte gekauft oder verkauft.

Bedeutung & Auswirkungen: Der Kauf von 97 Aktien stellt einen unerheblichen Anteil sowohl an den Gesamtbeständen des Direktors als auch an der Gesamtzahl der Farmer Mac-Aktien dar, was auf eine routinemäßige, vergütungsbezogene Ausgabe und nicht auf einen diskretionären Insiderkauf hinweist. Obwohl die Insiderbeteiligung leicht erhöht und die Anreize ausgerichtet werden, ist es unwahrscheinlich, dass dies einen messbaren Einfluss auf die Bewertung oder den Handelsverlauf von AGM hat.

Positive
  • Director chose stock over cash, modestly increasing insider alignment with shareholder interests.
Negative
  • None.

Insights

TL;DR: Routine 97-share director issuance; negligible financial impact.

The director converted part of his quarterly board retainer into equity at market price, adding about $18.8 k worth of AGM stock to his holdings. Post-transaction ownership stands at 15,975 shares, including 376 RSUs. The purchase is compensation-driven, not an opportunistic buy, and represents a de-minimis percentage of both insider ownership and shares outstanding. Accordingly, the filing is neutral for valuation models and unlikely to influence liquidity or sentiment beyond a slight signal of continued director confidence.

TL;DR: Stock-for-retainer election aligns incentives; governance-neutral.

Using equity instead of cash retains is a common practice to strengthen alignment between directors and shareholders. The modest 97-share increase marginally boosts insider ownership without diluting investors in any meaningful way. No red flags emerge regarding control, related-party transactions, or derivative structures. From a governance standpoint, the disclosure is routine and carries no material impact on board independence or oversight quality.

Panoramica del Modulo 4: Il direttore James R. Engebretsen ha acquisito 97 azioni della Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM) Classe C Azioni Ordinarie Non-Votanti il 30/06/2025 al prezzo di $194,28 per azione, per un valore complessivo di circa $18.8 mila.

Le azioni sono state emesse in base alla scelta permanente del direttore di ricevere azioni invece di una parte del compenso trimestrale in contanti. Dopo l’assegnazione, il direttore possiede direttamente 15.975 azioni, comprese 376 RSU con maturazione temporale previste per il 31/03/2026, subordinatamente alla continuazione del servizio nel consiglio. Non sono stati acquistati o venduti titoli derivati.

Rilevanza e Implicazioni: L’acquisto di 97 azioni rappresenta una frazione irrilevante sia del totale delle partecipazioni del direttore sia del numero complessivo di azioni di Farmer Mac, indicando un’emissione ordinaria legata alla remunerazione piuttosto che un acquisto discrezionale da parte di un insider. Sebbene incrementi leggermente la partecipazione interna e allinei gli incentivi, è improbabile che abbia un impatto significativo sulla valutazione o sulle dinamiche di negoziazione di AGM.

Resumen del Formulario 4: El director James R. Engebretsen adquirió 97 acciones de Federal Agricultural Mortgage Corporation ("Farmer Mac", ticker AGM) Clase C de acciones ordinarias sin derecho a voto el 30/06/2025 a $194.28 por acción, en una transacción valorada aproximadamente en $18.8 mil.

Las acciones fueron emitidas conforme a la elección permanente del director de recibir acciones en lugar de parte de su remuneración trimestral en efectivo. Tras la emisión, el director posee directamente 15,975 acciones, que incluyen 376 RSU con vesting temporal programadas para el 31/03/2026, condicionadas a la continuidad en la junta. No se compraron ni vendieron valores derivados.

Importancia e Implicaciones: La compra de 97 acciones representa una fracción insignificante tanto de la tenencia total del director como del total de acciones de Farmer Mac, lo que indica una emisión rutinaria relacionada con la compensación en lugar de una compra discrecional de un insider. Aunque incrementa ligeramente la propiedad interna y alinea incentivos, es poco probable que tenga un impacto medible en la valoración o dinámica de negociación de AGM.

폼 4 개요: 이사 제임스 R. 엔게브레첸은 2025년 6월 30일에 Federal Agricultural Mortgage Corporation("Farmer Mac", 티커 AGM) 클래스 C 무의결권 보통주 97주를 주당 $194.28에 취득했으며, 총 거래 금액은 약 $18,800입니다.

이 주식은 이사가 분기 현금 보수의 일부 대신 주식으로 받기로 한 정기 선택에 따라 발행되었습니다. 발행 후 이사는 직접 15,975주를 보유하게 되었으며, 이 중 376주2026년 3월 31일에 계속 이사회 근무 조건으로 확정되는 RSU입니다. 파생 증권의 매매는 없었습니다.

중요성 및 시사점: 97주 매입은 이사의 전체 보유 주식과 Farmer Mac의 총 발행 주식 수에 비해 미미한 비중으로, 임의의 내부자 매수가 아닌 보상 관련 정기 발행임을 나타냅니다. 내부자 지분이 소폭 증가하고 이해관계가 일치하지만, AGM의 가치 평가나 거래 동향에 미치는 영향은 크지 않을 것으로 보입니다.

Présentation du formulaire 4 : Le directeur James R. Engebretsen a acquis 97 actions de la Federal Agricultural Mortgage Corporation (« Farmer Mac », symbole AGM) de catégorie C, actions ordinaires sans droit de vote, le 30/06/2025 au prix de 194,28 $ par action, pour une transaction d’environ 18,8 mille dollars.

Ces actions ont été émises conformément au choix permanent du directeur de recevoir des actions en lieu et place d’une partie de sa rémunération trimestrielle en espèces. Après cette émission, le directeur détient désormais directement 15 975 actions, dont 376 RSU à acquisition différée prévues pour le 31/03/2026, sous réserve de la poursuite de son mandat au conseil. Aucun titre dérivé n’a été acheté ou vendu.

Importance et implications : L’achat de 97 actions représente une fraction négligeable tant des avoirs totaux du directeur que du nombre total d’actions de Farmer Mac, indiquant une émission liée à la rémunération plutôt qu’un achat discrétionnaire d’initié. Bien que cette opération augmente légèrement la participation interne et aligne les intérêts, elle est peu susceptible d’avoir un impact mesurable sur la valorisation ou la dynamique de négociation d’AGM.

Übersicht Formular 4: Direktor James R. Engebretsen erwarb am 30.06.2025 97 Aktien der Federal Agricultural Mortgage Corporation („Farmer Mac“, Ticker AGM) Klasse C stimmloser Stammaktien zum Preis von $194,28 pro Aktie, eine Transaktion im Wert von etwa $18,8 Tausend.

Die Aktien wurden im Rahmen der festen Wahl des Direktors ausgegeben, einen Teil seiner vierteljährlichen Barvergütung in Aktien umzuwandeln. Nach der Ausgabe besitzt der Direktor nun direkt 15.975 Aktien, darunter 376 zeitlich gestaffelte RSUs, die am 31.03.2026 unter der Voraussetzung der fortgesetzten Vorstandszugehörigkeit fällig werden. Es wurden keine Derivatwerte gekauft oder verkauft.

Bedeutung & Auswirkungen: Der Kauf von 97 Aktien stellt einen unerheblichen Anteil sowohl an den Gesamtbeständen des Direktors als auch an der Gesamtzahl der Farmer Mac-Aktien dar, was auf eine routinemäßige, vergütungsbezogene Ausgabe und nicht auf einen diskretionären Insiderkauf hinweist. Obwohl die Insiderbeteiligung leicht erhöht und die Anreize ausgerichtet werden, ist es unwahrscheinlich, dass dies einen messbaren Einfluss auf die Bewertung oder den Handelsverlauf von AGM hat.

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*
Plagge Jeffrey L.

(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 42(1) A $194.28 723(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 Jeffrey L. Plagge 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 James R. Engebretsen acquire?

He acquired 97 Class C Non-Voting Common shares on 06/30/2025.

What was the purchase price of the AGM shares?

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

What is the director’s total AGM shareholding after the transaction?

Engebretsen now beneficially owns 15,975 shares, including 376 time-vested RSUs.

Why were the shares issued to the director?

They were issued under the director’s election to receive stock in lieu of cash for part of his quarterly board retainer.

Does this Form 4 filing materially impact AGM’s share count or valuation?

No. The 97-share issuance is immaterial to Farmer Mac’s overall share count and has a neutral valuation impact.
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