0000845877-23-000077.txt : 20230313 0000845877-23-000077.hdr.sgml : 20230313 20230313175825 ACCESSION NUMBER: 0000845877-23-000077 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230309 FILED AS OF DATE: 20230313 DATE AS OF CHANGE: 20230313 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: 23728458 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_167874469579407.xml FORM 4 X0306 4 2023-03-09 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 2023-03-09 4 A 0 4347 0 A 37664 D Class C Non-Voting Common Stock 2023-03-09 4 A 0 2174 0 A 39838 D Class C Non-Voting Common Stock 2023-03-09 4 A 0 15000 0 A 54838 D Stock Appreciation Right 135.2 2023-03-09 4 A 0 6726 0 A 2033-03-09 Class C Non-Voting Common Stock 6726.0 6726 D Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for no consideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 1,449 RSUs, each of which will vest on March 31, 2024, March 31, 2025, and March 31, 2026, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates. In addition to the RSUs reported in this filing, includes 17,257 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2023 to December 31, 2025, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics, as specified in the related award agreement. 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 shares actually awarded upon vesting exceed 200% of the number of RSUs in the target award. This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2026 if Farmer Mac meets performance objectives related to Farmer Mac's 3-year average core earnings return on common equity and Farmer Mac's relative total stockholder return performance compared to the companies in the Standard & Poor's 500 Diversified Financials Index during the performance period of January 1, 2023 through December 31, 2025, as specified in the related award agreement. Exercisable beginning March 31, 2024 with respect to 2,242 shares, beginning March 31, 2025 with respect to 2,242 shares, and beginning March 31, 2026 with respect to 2,242 shares. Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Stephen P. Mullery, as attorney-in-fact for Bradford T. Nordholm 2023-03-13