Form 4: Farmer Mac Executive Kerry T. Willie Reports Changes in Beneficial Ownership

Kerry T. Willie, SVP Chief HR Officer at Federal Agricultural Mortgage Corp (Farmer Mac), reports changes in beneficial ownership of Class C Non-Voting Common Stock due to vesting of restricted stock units and shares withheld for tax obligations.

Summary

• On March 31, 2025, Kerry T. Willie, SVP Chief HR Officer at Farmer Mac, reported changes in beneficial ownership.
• These changes are due to the vesting of restricted stock units granted in March 2022, March 2023, and March 2024.
• Farmer Mac retained shares to satisfy withholding requirements related to these vestings.
• Specifically, 343 shares were withheld at a price of $188.58.
• Following these transactions, Willie beneficially owns 2,909 shares, which includes 1,032 unvested restricted stock units.
• The total amount of securities beneficially owned has been adjusted since the Reporting Person's last filing to reflect 204 more shares that vested on March 31, 2025 as a result of applying a 200% performance factor to 204 target restricted stock units granted in March 2022.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing stock transactions of an executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively. The sentiment is neutral to slightly positive due to the executive's continued holding of company stock.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The vesting of restricted stock units impacts shareholders by potentially diluting the value of existing shares, although the effect is likely minimal in this case.
• The executive benefits from the vesting of these units as part of their compensation.

Key Dates

Keywords

beneficial ownership, Farmer Mac, restricted stock units, Form 4, Kerry T. Willie, AGM, vesting, SVP Chief HR Officer