0000845877-21-000070.txt : 20210304
0000845877-21-000070.hdr.sgml : 20210304
20210304180447
ACCESSION NUMBER: 0000845877-21-000070
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210302
FILED AS OF DATE: 20210304
DATE AS OF CHANGE: 20210304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: NORDHOLM BRADFORD T
CENTRAL INDEX KEY: 0001391468
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14951
FILM NUMBER: 21715657
MAIL ADDRESS:
STREET 1: C/O FARMER MAC 1999 K STREET N.W.
STREET 2: FOURTH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20006
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FEDERAL AGRICULTURAL MORTGAGE CORP
CENTRAL INDEX KEY: 0000845877
STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
IRS NUMBER: 521578738
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1999 K STREET NW,
STREET 2: 4TH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20006
BUSINESS PHONE: 2028727700
MAIL ADDRESS:
STREET 1: 1999 K STREET NW,
STREET 2: 4TH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20006
4
1
wf-form4_161489907393915.xml
FORM 4
X0306
4
2021-03-02
0
0000845877
FEDERAL AGRICULTURAL MORTGAGE CORP
AGM
0001391468
NORDHOLM BRADFORD T
C/O FARMER MAC, 1999 K STREET NW
FOURTH FLOOR
WASHINGTON
DC
20006
0
1
0
0
President and CEO
Class C Non-Voting Common Stock
2021-03-02
4
A
0
6195
0
A
30908
D
Class C Non-Voting Common Stock
2021-03-02
4
A
0
3098
0
A
34006
D
Stock Appreciation Right
88.68
2021-03-02
4
A
0
12477
0
A
2031-03-02
Class C Non-Voting Common Stock
12477.0
12477
D
Grant of restricted stock units under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Farmer Mac Class C Non-Voting Common Stock. Includes three installments of 2,065 shares of restricted stock units, each of which will vest on March 31, 2022, March 31, 2023, and March 31, 2024, respectively.
Includes 18,075 restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.
This is the target amount of performance-based restricted stock units granted on March 02, 2021 under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration, which will be available if certain criteria are met at the end of the performance cycle on December 31, 2023. The restricted stock units will vest on March 31, 2024 if Farmer Mac meets certain performance objectives related to business volume, as specified in the related award agreement, for the period starting on January 1, 2021 and ending on December 31, 2023, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics.
Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of restricted stock units exceed 200% of the number of restricted stock units of the target award.
Exercisable beginning March 31, 2022 with respect to 4,159 shares, beginning March 31, 2023 with respect to 4,159 shares, and beginning March 31, 2024 with respect to 4,159 shares.
Grant of stock appreciation rights under Farmer Mac's 2008 Amended and Restated Omnibus Incentive Plan for no consideration.
Stephen P. Mullery, as attorney-in-fact for Bradford T. Nordholm
2021-03-04