Form 4: Farmer Mac Director Mitchell A. Johnson Sells Shares in Open Market Transaction
SEC Form 4 Filing
Director Mitchell A. Johnson of Federal Agricultural Mortgage Corp (Farmer Mac) sold 1,500 shares of Class C Non-Voting Common Stock in open market transactions.
Summary
- Mitchell A. Johnson, a director at Federal Agricultural Mortgage Corp (Farmer Mac), sold 1,000 shares of Class C Non-Voting Common Stock at $204.55 per share and 500 shares at $204.98 per share on November 19, 2024.
- Following these transactions, Johnson beneficially owns 11,060 shares of Class C Non-Voting Common Stock, which includes 373 unvested restricted stock units that will vest on March 31, 2025, if he remains a director.
- The transactions were executed during an open trading window for employees and directors of Farmer Mac.
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of a share sale by a director. It doesn't indicate positive or negative sentiment towards the company's performance.
Industry Context
This is a routine disclosure of a director's share sale, which is common in publicly traded companies. It provides transparency into insider transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The sale of shares by a director is a common occurrence and does not necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The share sale by a director may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 11/19/2024 | Date of the share sale transactions. |
| 11/21/2024 | Date the SEC Form 4 was signed. |
| 03/31/2025 | Vesting date for 373 restricted stock units, contingent on Johnson remaining a director. |
Keywords
Farmer Mac, Mitchell A. Johnson, Class C Non-Voting Common Stock, Director, SEC Form 4, Share Sale, Open Market Transaction, Insider Trading
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