Form 4: Farmer Mac Director Acquires Additional Shares in Lieu of Cash Retainer

Director Chester J. Culver increased his holdings in Federal Agricultural Mortgage Corp (Farmer Mac) by acquiring 21 shares of Class C Non-Voting Common Stock in lieu of a cash retainer.

Summary

• On March 31, 2025, Chester J. Culver, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 21 shares of Class C Non-Voting Common Stock.
• The shares were acquired in lieu of receiving a portion of his quarterly retainer in cash.
• The price per share was $187.51, based on the closing price of the stock on the New York Stock Exchange on March 31, 2025.
• Following the transaction, Culver beneficially owns 2,417 shares, including 376 unvested restricted stock units that will vest on March 31, 2026, if he remains a director.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction of a director receiving shares as part of their compensation. It doesn't indicate any significant positive or negative outlook.

Positives

• The director's decision to take shares in lieu of cash may signal confidence in the company's future prospects.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This transaction reflects that common practice.

Related Party Transactions

• The acquisition of shares by the director in lieu of cash retainer constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Farmer Mac, Director, Share Acquisition, Class C Non-Voting Common Stock, Chester J. Culver, Retainer, Insider Transaction