Form 4: Farmer Mac Director Todd P. Ware Acquires Additional Shares

Director Todd P. Ware increased his holdings in Federal Agricultural Mortgage Corp (Farmer Mac) by acquiring 20 shares of Class C Non-Voting Common Stock on September 30, 2024.

Summary

• On September 30, 2024, Todd P. Ware, a director of Federal Agricultural Mortgage Corporation (Farmer Mac), acquired 20 shares of Class C Non-Voting Common Stock.
• The shares were purchased at a price of $187.41 per share.
• 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 3,492 shares, including 373 unvested restricted stock units that will vest on March 31, 2025, if he remains a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by a director, with no explicit positive or negative implications.

Positives

• A director's decision to take shares in lieu of cash may signal confidence in the company's future prospects.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock units on March 31, 2025, is contingent on continued service as a director.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock; this provides transparency to the market.

Stakeholder Impact

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

Key Dates