Form 4: Farmer Mac Director Sara Faivre-Davis Reports Acquisition of Class C Non-Voting Common Stock

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

Summary

• On March 6, 2025, Sara Faivre-Davis, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 376 shares of Class C Non-Voting Common Stock.
• The acquisition was 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.
• These RSUs will vest on March 31, 2026, if Ms. Faivre-Davis remains a director of Farmer Mac on that date.
• Following the transaction, Ms. Faivre-Davis beneficially owns 2,101 shares of Class C Non-Voting Common Stock, including 373 RSUs vesting on March 31, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard insider activity (stock grant) which aligns director interests with shareholders. No negative implications are apparent.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of Farmer Mac.
• Continued service requirement for vesting incentivizes the director's ongoing commitment to the company.

Future Outlook

The RSUs will vest on March 31, 2026, if the Reporting Person remains a director of Farmer Mac on that date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their company's stock. This allows investors to monitor insider activity, which can provide insights into management's perspective on the company's prospects.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates