Form 4: Farmer Mac Director Sells Shares in Open Market Transactions

Mitchell A. Johnson, a director at Federal Agricultural Mortgage Corp (Farmer Mac), sold 2,000 shares of Class C Non-Voting Common Stock in two separate transactions.

Summary

• Mitchell A. Johnson, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), sold 1,000 shares of Class C Non-Voting Common Stock on November 7, 2024, at a price of $208 per share.
• He then sold another 1,000 shares on November 12, 2024, at a weighted average price of $211.0997 per share, with individual prices ranging from $211.00 to $211.36.
• These transactions occurred during an open trading window for Farmer Mac employees and directors.
• Following these sales, Johnson directly owns 13,060 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.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of stock sales by a director, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine disclosure of a director's stock transactions, which is common in publicly traded companies. It provides transparency into insider trading activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reported transactions are typical for directors who may periodically sell shares for personal financial management.
• The price range of $208 to $211.36 is within the expected range for a stock like Farmer Mac, and the volume of 2,000 shares is not unusual for a director's sale.

Stakeholder Impact

• The share sales by a director may have a minor impact on the stock price, but are unlikely to significantly affect the company's operations or long-term prospects.
• Shareholders are informed of insider transactions, promoting transparency and trust.

Key Dates

Keywords

Farmer Mac, AGM, Mitchell A. Johnson, Class C Non-Voting Common Stock, Director, Share Sale, SEC Form 4, Insider Trading