Form 4: Farmer Mac CEO Bradford T. Nordholm Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Bradford T. Nordholm, CEO of Farmer Mac, reports the acquisition and disposal of Class C Non-Voting Common Stock following the vesting of restricted stock units, with shares withheld to satisfy tax obligations.
Summary
- On March 31, 2024, Farmer Mac CEO Bradford T. Nordholm reported transactions related to the vesting of restricted stock units.
- These transactions involved the vesting of time-based and performance-based restricted stock units granted in March 2021, March 2022, and March 2023.
- A total of 3,906 shares were withheld by Farmer Mac to satisfy withholding requirements related to these vestings at a price of $196.88 per share.
- Following these transactions, Nordholm beneficially owns 46,177.4506 shares of Class C Non-Voting Common Stock, which includes 29,332 unvested restricted stock units.
- The total amount of securities beneficially owned has been adjusted since the Reporting Person's last filing to reflect 117 more shares that vested on March 31, 2024 as a result of applying a 103.7754% performance factor to 3,098 target restricted stock units granted in March 2021.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| March 2021 | Grant date of restricted stock units that vested on March 31, 2024. |
| March 2022 | Grant date of restricted stock units that vested on March 31, 2024. |
| March 2023 | Grant date of restricted stock units that vested on March 31, 2024. |
| 03/31/2024 | Date of transaction: Vesting of restricted stock units and withholding of shares for tax obligations. |
| 04/02/2024 | Date of Form 4 filing. |
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