Form 4: Farmer Mac Director James R. Engebretsen Acquires Additional Class C Non-Voting Common Stock
SEC Form 4 Filing
Director James R. Engebretsen increased his holdings in Farmer Mac's Class C Non-Voting Common Stock through a purchase in lieu of a portion of his quarterly retainer.
Summary
- On March 31, 2024, James R. Engebretsen, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 101 shares of Class C Non-Voting Common Stock.
- The shares were purchased at a price of $196.88 per share.
- This acquisition was made in lieu of receiving a portion of the director's quarterly retainer in cash.
- Following the transaction, Engebretsen's total holdings amount to 15,075 shares, including 373 unvested restricted stock units.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction. The director's decision to take stock can be seen as a mildly positive signal.
Positives
- The director's decision to take stock in lieu of cash demonstrates confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions and provides insight into the actions of Farmer Mac's directors.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Closing price of the stock on this date was used to determine the market value for the stock purchase. |
| 03/31/2024 | Date of the transaction where James R. Engebretsen acquired 101 shares of Class C Non-Voting Common Stock. |
| 03/31/2025 | Vesting date for 373 unvested restricted stock units, contingent on continued service as a director. |
| 04/02/2024 | Date of the Form 4 filing. |
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