Form 4: Farmer Mac SVP Sean Datcher Reports Changes in Beneficial Ownership
SEC Form 4
Sean Datcher, SVP and Chief Information Officer of Farmer Mac, reports changes in beneficial ownership of company stock due to vesting of restricted stock units and shares withheld for tax obligations.
Summary
- Sean Datcher, SVP and Chief Information Officer of Farmer Mac, filed a Form 4 detailing changes in his beneficial ownership of Federal Agricultural Mortgage Corporation (Farmer Mac) stock.
- On March 31, 2025, 125 restricted stock units vested as the second installment of a time-based award granted in April 2022.
- Farmer Mac retained 50 shares to satisfy withholding requirements related to the vesting of these units.
- Additionally, 99 restricted stock units vested as the first installment of a time-based award granted in March 2024.
- Farmer Mac retained 39 shares to satisfy withholding requirements for these units.
- The price used for calculating the number of shares withheld for tax liability was $188.58, 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.
- Following these transactions, Datcher beneficially owns 1,341 shares, which includes 1,131 unvested restricted stock units previously granted.
- The reporting person has signed the document through an attorney-in-fact.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting and tax withholding, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of restricted stock units impacts the reporting person's ownership stake in the company.
- Shareholders are informed about insider transactions.
Key Dates
| Date | Description |
|---|---|
| April 2022 | Date of original grant of time-based award, second installment vested on 03/31/2025 |
| March 2024 | Date of original grant of time-based award, first installment vested on 03/31/2025 |
| 03/31/2025 | Date of transaction: vesting of restricted stock units and withholding of shares for tax obligations. |
| 04/02/2025 | Date of signature of the Form 4 filing. |
Keywords
Form 4, beneficial ownership, restricted stock units, Farmer Mac, AGM, Sean Datcher, vesting, SVP, Chief Information Officer
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.