Carpenter Zachary's Form 4 filing
Federal Agricultural Mortgage Corp (AGM) · filed Mar 11, 2022
- Accession no.
- 0000845877-22-000072
- Filed
- Mar 11, 2022
- Trade date
- Mar 9-11, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 6 non-derivative transactions and 2 derivative transactions. Open-market sales total $88.4K. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Carpenter ZacharyCIK 0001776941 | Officer (EVP - Chief Business Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 9, 2022 | Class C Non-Voting Common Stock | AGrant or awardAcquired | +1,383 | $0.00F1 | $0 | 7,738 | Direct | |
| Mar 9, 2022 | Class C Non-Voting Common Stock | AGrant or awardAcquired | +691 | $0.00F3 | $0 | 8,429 | Direct | |
| Mar 9, 2022 | Class C Non-Voting Common Stock | MOption exerciseAcquired | +1,937 | $75.16 | +$145,584.92 | 10,366 | Direct | |
| Mar 9, 2022 | Class C Non-Voting Common Stock | FTax withholdingDisposed | −380 | $120.38 | −$45,744.4 | 9,986 | Direct | |
| Mar 9, 2022 | Class C Non-Voting Common Stock | DReturned to the companyDisposed | −1,209 | $120.38 | −$145,539.42 | 8,777 | Direct | |
| Mar 11, 2022 | Class C Non-Voting Common Stock | SSaleDisposed | −714 | $123.79 | −$88,386.06 | 8,063 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 9, 2022 | Class C Non-Voting Common Stock | AGrant or awardAcquired | +2,553 | $0.00F8 | $0 | 2,553 | Direct | |
| Mar 9, 2022 | Class C Non-Voting Common Stock | MOption exerciseDisposed | −5,811 | $75.16 | −$145,584.92 | 3,874 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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 461 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.
Referenced by the price of 1 transaction in Table I.
- F3
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.
Referenced by the price of 1 transaction in Table I.
- F8
Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.
Referenced by the price of 1 transaction in Table II.