Form 4: Farmer Mac Director Todd P. Ware Acquires Additional Class C Non-Voting Common Stock

Director Todd P. Ware 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, 2025, Todd P. Ware, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 21 shares of Class C Non-Voting Common Stock.
• The shares were purchased at a price of $187.51 each.
• This acquisition was made in lieu of receiving a portion of the director's quarterly retainer in cash.
• Following the transaction, Ware's total holdings include 3,908 shares, including 376 unvested restricted stock units that will vest on March 31, 2026, contingent on continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares indicates confidence, but the amount is small and part of a pre-existing arrangement.

Positives

• Director's decision to take shares in lieu of cash demonstrates confidence in the company's future.

Industry Context

Directors acquiring company stock is generally viewed positively, as it aligns their interests with those of shareholders. This is a routine transaction for directors who elect to receive stock in lieu of cash compensation.

Related Party Transactions

• The acquisition of shares by the director in lieu of cash compensation is a related party transaction.

Stakeholder Impact

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

Key Dates

Keywords

Farmer Mac, Director, Todd P. Ware, Class C Non-Voting Common Stock, Stock Acquisition, Form 4, SEC Filing