Form 4: Farmer Mac Director Chester J. Culver Reports Stock Sale
SEC Form 4 Filing
Director Chester J. Culver reported selling 125 shares of Farmer Mac's Class C Non-Voting Common Stock on September 12, 2024.
Summary
- On September 12, 2024, Chester J. Culver, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), sold 125 shares of Class C Non-Voting Common Stock.
- The sale was executed at a price of $184.4626 per share.
- Following the transaction, Culver beneficially owns 2,681 shares, including 373 unvested restricted stock units that will vest on March 31, 2025, contingent on continued service as a director.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially influencing the stock price slightly.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of stock sale transaction. |
| 09/12/2024 | Date of Form 4 filing. |
| 03/31/2025 | Vesting date for 373 restricted stock units. |
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