0000845877-21-000073.txt : 20210304 0000845877-21-000073.hdr.sgml : 20210304 20210304180547 ACCESSION NUMBER: 0000845877-21-000073 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: Carpenter Zachary CENTRAL INDEX KEY: 0001776941 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14951 FILM NUMBER: 21715661 MAIL ADDRESS: STREET 1: C/O FARMER MAC, 1999 K STREET NW STREET 2: FOURTH FL 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_161489912757533.xml FORM 4 X0306 4 2021-03-02 0 0000845877 FEDERAL AGRICULTURAL MORTGAGE CORP AGM 0001776941 Carpenter Zachary C/O FARMER MAC, 1999 K STREET NW FOURTH FLOOR WASHINGTON DC 20006 0 1 0 0 EVP - Chief Business Officer Class C Non-Voting Common Stock 2021-03-02 4 A 0 2109 0 A 5643 D Class C Non-Voting Common Stock 2021-03-02 4 A 0 1054 0 A 6697 D Stock Appreciation Right 88.68 2021-03-02 4 A 0 4242 0 A 2031-03-02 Class C Non-Voting Common Stock 4242.0 4242 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 703 shares of restricted stock units, each of which will vest on March 31, 2022, March 31, 2023, and March 31, 2024, respectively. Includes 3,186 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 1,414 shares, beginning March 31, 2023 with respect to 1,414 shares, and beginning March 31, 2024 with respect to 1,414 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 Zachary Carpenter 2021-03-04