Form 4: Farmer Mac Director Eric T. McKissack Acquires Additional Shares

Director Eric T. McKissack increased his holdings in Federal Agricultural Mortgage Corp (Farmer Mac) through the acquisition of 36 Class C Non-Voting Common Stock shares.

Summary

• On September 30, 2024, Eric T. McKissack, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 36 shares of Class C Non-Voting Common Stock.
• The shares were purchased at a price of $187.41 per share.
• This acquisition was made in lieu of receiving a portion of the director's quarterly retainer in cash.
• Following the transaction, McKissack's total holdings include 2,639 shares, including 373 unvested restricted stock units that will vest on March 31, 2025, contingent upon continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally a good sign, but the transaction is part of a pre-existing arrangement.

Positives

• Director's decision to take shares instead of cash demonstrates confidence in the company's future.

Industry Context

Directors purchasing shares in their own companies is generally viewed positively by the market, as it signals confidence in the company's prospects. This is a routine transaction related to director compensation.

Related Party Transactions

• The acquisition of shares by Eric T. McKissack, a director, in lieu of cash compensation is a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders due to the director's increased stake in the company.

Key Dates