Form 4: Farmer Mac Director Chester J. Culver Reports Stock Transaction
SEC Form 4
Director Chester J. Culver reports the acquisition and disposal of Class C Non-Voting Common Stock in Federal Agricultural Mortgage Corp.
Summary
- On March 13, 2024, Chester J. Culver, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), reported a transaction involving Class C Non-Voting Common Stock.
- Culver sold 300 shares at a price of $191.944 per share.
- Following the reported transaction, Culver beneficially owns 2,770 shares of Class C Non-Voting Common Stock.
- This includes 482 and 373 time-vested restricted stock units that will vest on March 31, 2024, and March 31, 2025, respectively, contingent on Culver remaining a director of Farmer Mac.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of a stock transaction by a company director, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding insider trading activities.
Stakeholder Impact
- The transaction may have a minor impact on shareholders by providing information about insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock transaction (sale of 300 shares). |
| 03/13/2024 | Date of report. |
| 03/31/2024 | Vesting date for 482 restricted stock units. |
| 03/31/2025 | Vesting date for 373 restricted stock units. |
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