---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-26-000062"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T15:19:33.466748+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac approves base salary increases, equity grants, and performance awards for officers and directors

## Summary
- CEO Nordholm salary unchanged; COO Carpenter salary raised from $575K to $650K, CCO Crady to $435K.
- SARs granted: Carpenter 2,778, Pullins 2,631, Crady 1,227 at $162.15/share, vesting over 3 years.
- Time-based RSUs awarded to Nordholm (8,835), Carpenter (699), Pullins (662), Crady (618) and 14 directors (471 each).
- Performance-based RSUs: Carpenter 699 target, Pullins 662, Crady 309; vesting based on 3-yr 'Earnings before Credit' target $736.2M.
- CEO Nordholm's 2023 special grant vests at 164% (24,600 shares); 2023 performance RSUs vest at 200% for all recipients.

## SEC filing metadata
- accession: 0000845877-26-000062
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587726000062/0000845877-26-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587726000062/agm-20260305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-26-000062
- JSON: https://secwatch.observer/filing/0000845877-26-000062.json
- Plain text: https://secwatch.observer/filing/0000845877-26-000062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.