Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 38

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 38
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 committee chairs for 2025 to the levels shown below:

| Position                                                                 |     | 2025 Incremental Retainer 
                       ($) |
| Chair of the Audit Committee                                             |     |                   $17,500 |
| Chair of the Corporate Governance Committee                              |     |                   $15,000 |
| Chair of the Enterprise Risk Committee                                   |     |                   $15,000 |
| Chair of the Finance Committee                                           |     |                   $15,000 |
| Chair of the Human Capital and Compensation Committee                    |     |                   $15,000 |
| Chair of the Business Development and Business Strategy Committee        |     |                   $10,000 |
| Chair of the Credit Committee                                            |     |                   $10,000 |
| Chair of the Public Policy and Corporate Social Responsibility Committee |     |                   $10,000 |

On March 6, 2025, each of the 14 sitting Board members was granted 376 RSUs as an annual equity award. The number of RSUs granted was calculated in accordance with the Board's policy on equity compensation grants using a targeted value of $75,000 based on the average stock price over the previous 30 calendar days ending February 27, 2025 (seven calendar days before the grant date). Based on the stock price at the time of these grants, the actual value on March 6, 2025 was $75,956 to each sitting director. On March 26, 2025, the day Mr. Shaw was appointed to the Board, he was granted a pro-rata annual equity award of 358 RSUs with a grant date value of $69,080. All of the RSUs granted to each director in March 2025 will vest on March 31, 2026 if the director is serving on the Board on that date.

In addition to the cash and equity-based compensation described in this section, Farmer Mac also reimburses directors for expenses incurred in performing their duties as directors and pays for continuing education related to their service as directors on the Board.

| 26 |

| STOCK OWNERSHIP OF DIRECTORS, DIRECTOR NOMINEES, NAMED EXECUTIVE OFFICERS, AND CERTAIN BENEFICIAL OWNERS |

<div align='center'>STOCK OWNERSHIP OF DIRECTORS, DIRECTOR NOMINEES, NAMED EXECUTIVE OFFICERS, AND CERTAIN BENEFICIAL OWNERS</div>

| Directors, Director Nominees, and Named Executive Officers |

As of March 24,