other material
confidence high
sentiment neutral
materiality 0.40
Farmer Mac approves executive compensation: salary increases, equity grants, and performance RSU vesting at 200%
FEDERAL AGRICULTURAL MORTGAGE CORP
- Base salaries of four executives raised $10K-$15K, effective retroactively to Jan 1, 2025.
- SARs granted at $202.01/share to execs; vest in 3 annual installments from 2026 to 2028.
- RSUs granted to execs and directors; time-based vest over 3 years, performance-based tied to cumulative Earnings before Credit.
- 2022 performance RSUs vest at 200% of target after gatekeeper metrics satisfied; execs receive double target shares on Mar 31, 2025.
- Cash bonuses for 2024 performance: CEO Nordholm $719,203, others $149K-$313K.