secwatch.observer — SEC 8-K summary
======================================

Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0000845877-26-000062
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587726000062/0000845877-26-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587726000062/agm-20260305.htm
  HTML page:      https://secwatch.observer/filing/0000845877-26-000062

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