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

Director Amy H. Gales acquired 105 shares of Farmer Mac's Class C Non-Voting Common Stock in lieu of a portion of her quarterly retainer.

Summary

• On March 31, 2025, Amy H. Gales, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 105 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 $187.51, which was the closing price on the New York Stock Exchange on March 31, 2025.
• Following the transaction, Gales beneficially owns 5,042 shares, including 376 unvested restricted stock units that will vest on March 31, 2026, if she remains a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction with a slightly positive sentiment due to the director's 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 is contingent on continued service as a director.

Industry Context

Directors receiving equity as part of their compensation is a common practice to align their interests with those of shareholders.

Related Party Transactions

• The acquisition of shares in lieu of cash retainer is a related party transaction.

Stakeholder Impact

• The transaction signals confidence to shareholders.

Key Dates

Keywords

Farmer Mac, Director, Share Acquisition, Class C Non-Voting Common Stock, Amy H. Gales, Retainer, SEC Form 4