Form 4: Director Ware Increases Stake in Farmer Mac Through Stock Purchase in Lieu of Cash Retainer

Director Todd P. Ware acquired 8 shares of Farmer Mac's Class C Non-Voting Common Stock in lieu of a cash retainer, increasing his holdings to 3,385 shares.

Summary

• On March 31, 2024, Todd P. Ware, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 8 shares of Class C Non-Voting Common Stock.
• The shares were purchased at a price of $196.88 per share.
• This acquisition was made in lieu of receiving a portion of the director's quarterly retainer in cash.
• Following the transaction, Ware's total holdings in Farmer Mac Class C Non-Voting Common Stock increased to 3,385 shares, which includes 373 unvested restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction of a director acquiring shares in lieu of cash compensation, indicating a continued investment in the company.

Positives

• Director's decision to take shares in lieu of cash demonstrates confidence in the company's future.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock units on March 31, 2025, is contingent on the reporting person remaining a director.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their investment in the company's stock.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates