Form 4: Farmer Mac SVP Marc J. Crady Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Marc J. Crady, SVP and Chief Credit Officer of 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, Marc J. Crady, SVP and Chief Credit Officer of Farmer Mac, reported changes in his beneficial ownership of the company's Class C Non-Voting Common Stock.
- 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, 614 shares were withheld at a price of $188.58 per share.
- Following these transactions, Crady's total beneficial ownership amounts to 3,621 shares, including 1,880 unvested restricted stock units.
- The report also reflects an adjustment of 336 shares that vested due to a 200% performance factor applied to restricted stock units granted in March 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders are informed about changes in executive ownership.
- The filing provides transparency regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| March 2022 | Restricted stock units granted. |
| March 2023 | Restricted stock units granted. |
| March 2024 | Restricted stock units granted. |
| 03/31/2025 | Date of transaction: Vesting of restricted stock units and withholding of shares. |
| 04/02/2025 | Date of Form 4 filing. |
Keywords
Farmer Mac, Marc J. Crady, Beneficial Ownership, Form 4, Restricted Stock Units, Vesting, AGM, Shares, SVP, Chief Credit Officer
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