Form 4: Farmer Mac Director Amy H. Gales Acquires Additional Shares in Lieu of Cash Retainer

Director Amy H. Gales acquired 103 shares of Farmer Mac's Class C Non-Voting Common Stock in lieu of a portion of her quarterly retainer.

Summary

• On June 30, 2024, Amy H. Gales, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 103 shares of Class C Non-Voting Common Stock.
• The shares were acquired in lieu of receiving a portion of her quarterly retainer in cash.
• The price per share was $180.82, based on the closing price on June 28, 2024.
• Following the transaction, Gales beneficially owns 4,366 shares, including 373 unvested restricted stock units that will vest on March 31, 2025, if she remains a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash is generally a good sign, indicating confidence in the company's stock.

Positives

• The director's decision to take shares in lieu of cash demonstrates 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 Amy H. Gales in lieu of cash compensation is 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