Form 4: Farmer Mac Director Richard H. Davidson Reports Acquisition of Class C Non-Voting Common Stock

Director Richard H. Davidson reports the acquisition of 376 shares of Class C Non-Voting Common Stock in Farmer Mac through a grant of restricted stock units.

Summary

• Richard H. Davidson, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), reported a transaction on March 6, 2025.
• He acquired 376 shares of Class C Non-Voting Common Stock through a grant of restricted stock units (RSUs) under the company's Amended and Restated 2008 Omnibus Incentive Plan.
• The RSUs were granted for no consideration and will vest on March 31, 2026, contingent upon Davidson remaining a director of Farmer Mac on that date.
• Following the reported transaction, Davidson beneficially owns 14,178 shares of Class C Non-Voting Common Stock, including 373 RSUs vesting on March 31, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard disclosure of stock ownership change. The acquisition of shares by a director is generally viewed as a positive, but it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person remaining a director of Farmer Mac.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.

Key Dates