4//SEC Filing
Datcher Sean 4
Accession 0000845877-23-000114
CIK 0000845877other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:46 PM ET
Size
10.8 KB
Accession
0000845877-23-000114
Insider Transaction Report
Form 4
Datcher Sean
SVP- Chief Information Officer
Transactions
- Award
Class C Non-Voting Common Stock
2023-04-03+375→ 375 total - Award
Class C Non-Voting Common Stock
2023-04-03+187→ 562 total - Award
Stock Appreciation Right
2023-04-03+693→ 693 totalExercise: $133.19Exp: 2033-04-03→ Class C Non-Voting Common Stock (693 underlying)
Footnotes (5)
- [F1]Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 125 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
- [F2]This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement.
- [F3]Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award.
- [F4]Exercisable beginning March 31, 2024 with respect to 231 SARs, beginning March 31, 2025 with respect to 231 SARs, and beginning March 31, 2026 with respect to 231 SARs.
- [F5]Grant of stock appreciation rights under the Plan for no consideration.
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001972076
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:46 PM ET
- Size
- 10.8 KB