Form 4: Farmer Mac Executive Zachary Carpenter Reports Stock Transactions Following RSU Vesting

EVP and Chief Business Officer of Farmer Mac, Zachary Carpenter, reports the vesting and subsequent share withholding for tax purposes of restricted stock units.

Summary

• On March 31, 2025, Zachary Carpenter, EVP and Chief Business Officer of Farmer Mac, reported transactions related to the vesting of restricted stock units (RSUs).
• These RSUs were granted in March 2022, March 2023, and March 2024.
• Farmer Mac withheld shares to satisfy tax obligations related to the vesting of these RSUs.
• A total of 1,321 shares were withheld by Farmer Mac at a price of $188.58 per share.
• Following these transactions, Carpenter beneficially owns 10,825 shares of Class C Non-Voting Common Stock, which includes 4,408 unvested restricted stock units.
• The price used for calculating the number of shares withheld was the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

Sentiment

Score: 5

Explanation: This is a neutral report on standard executive compensation practices. It doesn't indicate positive or negative performance, just routine transactions.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of Farmer Mac's executives.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) as a way to align executive interests with shareholder value.
• The vesting schedules and performance-based components are common features in similar companies.
• Share withholding for tax obligations is a standard practice across the industry.
• Comparable companies such as Agrium and Corteva also utilize RSUs in their executive compensation plans.

Stakeholder Impact

• The vesting of RSUs impacts shareholders by potentially diluting the value of existing shares, although this is a planned part of the compensation structure.
• Employees, particularly executives, are impacted through their compensation packages and incentives.
• The company's financial statements are affected by the accounting treatment of stock-based compensation.

Key Dates

Keywords

Form 4, Farmer Mac, Zachary Carpenter, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Share Withholding, AGM