secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0000845877-25-000092
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Mac approves executive compensation: salary increases, equity grants, and performance RSU vesting at 200%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000092/0000845877-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000092/agm-20250306.htm
  HTML page:      https://secwatch.observer/filing/0000845877-25-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer