Form 4: Farmer Mac CEO Bradford T. Nordholm Reports Stock Transactions Following Vesting of Restricted Stock Units

Farmer Mac's CEO, Bradford T. Nordholm, reports changes in beneficial ownership of company stock due to the vesting of restricted stock units and subsequent withholding of shares for tax obligations.

Summary

• On March 31, 2025, Bradford T. Nordholm, the President and CEO of Federal Agricultural Mortgage Corporation (Farmer Mac), 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 2022, March 2023, and March 2024.
• Farmer Mac withheld a total of 3,949 shares to satisfy withholding requirements related to these vestings at a price of $188.58 per share.
• Following these transactions, Nordholm beneficially owns 45,096.4506 shares of Class C Non-Voting Common Stock, which includes 29,100 unvested restricted stock units.
• The price used for calculating the number of shares withheld for tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and does not contain information that would indicate a positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock ownership changes due to vesting and tax obligations, which is a common occurrence in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time or based on performance metrics.
• The practice of withholding shares to cover tax obligations is standard across publicly traded companies.
• The vesting schedules and performance factors are specific to Farmer Mac's compensation policies, which are determined by the Human Capital and Compensation Committee.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Farmer Mac, Nordholm, Vesting, AGM