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) through the acquisition of Class C Non-Voting Common Stock.

Summary

• On June 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 $180.82 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 3,405 shares, including 373 unvested restricted stock units that will vest on March 31, 2025, contingent on continued service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director acquiring shares, which is neither particularly positive nor negative.

Positives

• The director's decision to take shares in lieu of cash demonstrates 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 the director's continued service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

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

Key Dates