0000845877-22-000073.txt : 20220311
0000845877-22-000073.hdr.sgml : 20220311
20220311175922
ACCESSION NUMBER: 0000845877-22-000073
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220309
FILED AS OF DATE: 20220311
DATE AS OF CHANGE: 20220311
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brinch Brian M
CENTRAL INDEX KEY: 0001737498
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14951
FILM NUMBER: 22734415
MAIL ADDRESS:
STREET 1: C/O FARMER MAC
STREET 2: 1999 K STREET NW, 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_164703954309573.xml
FORM 4
X0306
4
2022-03-09
0
0000845877
FEDERAL AGRICULTURAL MORTGAGE CORP
AGM
0001737498
Brinch Brian M
C/O FARMER MAC
1999 K STREET N.W., 4TH FLOOR
WASHINGTON
DC
20006
0
1
0
0
SVP- Enterprise Risk Officer
Class C Non-Voting Common Stock
2022-03-09
4
A
0
510
0
A
8667
D
Class C Non-Voting Common Stock
2022-03-09
4
A
0
254
0
A
8921
D
Stock Appreciation Right
120.38
2022-03-09
4
A
0
939
0
A
2032-03-09
Class C Non-Voting Common Stock
939.0
939
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 170 RSUs, each of which will vest on March 31, 2023, March 31, 2024, and March 31, 2025, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.
In addition to the RSUs reported in this filing, includes 2,538 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, 2025 if Farmer Mac meets performance objectives related to cumulative core earnings before credit during the performance period of January 1, 2022 to December 31, 2024, 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.
Exercisable beginning March 31, 2023 with respect to 313 shares, beginning March 31, 2024 with respect to 313 shares, and beginning March 31, 2025 with respect to 313 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 Brian M. Brinch
2022-03-11