Form 4: Farmer Mac Executive Reports Stock Vesting and Withholding

Zachary Carpenter, President and COO of Federal Agricultural Mortgage Corp (AGM), reported the vesting of restricted stock units and the subsequent withholding of shares for tax purposes on March 31, 2026.

Summary

• Zachary Carpenter, President and COO of Federal Agricultural Mortgage Corp (AGM), reported transactions on March 31, 2026, related to the vesting of restricted stock units.
• A total of 1,323 Class C Non-Voting Common Stock shares were acquired.
• Shares were retained by Farmer Mac to satisfy withholding tax requirements, with the price for this calculation being the closing price on the last trading day before vesting.
• The vesting included time-based awards from March 2023 and March 2024, as well as performance-based awards from March 2023.
• Performance-based units vested at a 200% performance factor, resulting in 1,450 units vesting from a target of 725 units.
• Carpenter's beneficial ownership includes 4,496 unvested restricted stock units from previous grants.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard executive compensation events with a positive indicator of strong performance on vested units.

Positives

• Vesting of performance-based restricted stock units at 200% of target indicates strong performance against goals.
• The executive's beneficial ownership includes a significant number of unvested restricted stock units, suggesting continued alignment with the company's long-term success.

Negatives

• A portion of the vested shares were withheld by the company to cover tax liabilities, reducing the immediate net shares received by the executive.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. However, the continued vesting of performance-based awards and the executive's substantial unvested equity holdings suggest a positive outlook for executive compensation tied to company performance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, including stock vesting. The details provided by Zachary Carpenter are typical for executives receiving equity compensation, with a portion of shares often withheld for tax purposes. The strong performance factor on the performance-based units is a positive indicator of operational success.

Stakeholder Impact

• Shareholders: The vesting of performance-based units at a high factor may be viewed positively, indicating the executive is achieving company goals. The withholding of shares for taxes is a standard practice and does not directly impact the number of shares outstanding.

Key Dates

Keywords

Form 4, SEC Filing, Zachary Carpenter, Federal Agricultural Mortgage Corp, AGM, Stock Vesting, Restricted Stock Units, Insider Trading, Beneficial Ownership, Tax Withholding