Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 69

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 69
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 in the table below:

| Title                    |     | Minimum Ownership Requirement |
| Chief Executive Officer  |     | 3 times annual base salary    |
| Executive Vice President |     | 2 times annual base salary    |
| Senior Vice President    |     | annual base salary            |
| Vice President           |     | half of annual base salary    |
| Non-Employee Director    |     | 2 times annual cash retainer  |

In determining satisfaction of the applicable minimum ownership requirement for a covered person, the policy includes the following shares and equity rights: • shares directly owned or beneficially owned indirectly (such as through family trusts, immediate family members, or retirement accounts); • shares of unvested time-based restricted stock; and • shares attributable to unvested time-based RSUs. The shares and equity rights that do not count toward satisfaction of the applicable minimum ownership requirement for a covered person include: unexercised vested or unvested stock options or SARs; shares of unvested performance-based restricted stock; and shares attributable to unvested performance-based RSUs. The stock ownership policy requires covered persons to satisfy the applicable minimum ownership requirement within five years from the date of hire, promotion, initial election to the Board, or initial appointment to the Board, as applicable. The Compensation Committee administers this policy and may make exceptions to the applicable minimum ownership requirement based on personal circumstances or hardship of a covered person. As of January 1, 2025, 13 of the 15 members of Farmer Mac's Board and 14 of 16 officers exceeded the applicable minimum stock ownership requirements set forth in the policy. The two directors who had not met the applicable stock ownership requirements as of January 1, 2025 were elected to the Board in May 2024 and have until May 2029 to comply with the policy. The two officers who had not met the applicable stock ownership requirements as of January 1, 2025 were hired in 2023 and have until 2028 to comply with the policy. For more information on the stock ownership of our named executive officers and directors, see "Stock Ownership of Directors, Director Nominees, Named Executive Officers, and Certain Beneficial Owners."

| 45 |

| EXECUTIVE COMPENSATION GOVERNANCE |

Insider Trading Policy

Farmer Mac has a policy on insider trading governing the purchase, sale, and/or other dispositions of its securities applicable to all directors and employees (including named executive officers). We believe that