Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 2

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 2
---
50% |     | 1/3 of grant vests per year                                   |     | Share Price                                                     |     | Ties RSU value directly to the share price                                                              |
| Performance–Based RSUs                                                                                                                                                                              |     | 25% |     | 0% to 200% vested three years after grant                     |     | 3-year Cumulative Earnings subject to capital and asset quality |     | Aligns with our long-term objective of growing quality earnings while  maintaining safety and soundness |
| Stock Appreciation Rights (SARs)                                                                                                                                                                    |     | 25% |     | 1/3 of grant vests per year; expire ten years from grant date |     | Share Price Appreciation                                        |     | Motivates share price appreciation over the long-term                                                   
 Reinforces emphasis on long-term growth aligned with our objectives                                     |

| Pay-For-Performance Philosophy |

Farmer Mac’s executive compensation program reflects a strong pay-for-performance philosophy that is consistent with the risk tolerance of Farmer Mac and reflects the long-term interests of stockholders. A large portion of the CEO and other Named Executive Officer (NEO) compensation is variable and performance-based so that the executives who are most responsible for overall performance and changes in stockholder value are held accountable for results. 20:1 CEO Pay Ratio

| 2024 CEO Target Compensation Mix |     | 20224 Target Composition Mix for other NEOs (Average) |

| Target Bonus |     | Base Salary |     | Target Long-term Incentive Value |     | At Risk |

| IV |

| 2025 PROXY STATEMENT |

| Lines of Business: |

Our lines of business reflect how we are managing, evaluating, and serving our business based on the type of customer and market.

| Line of Business     |     | % of Outstanding Volume |     | Segment             |     | Business Volume |     | Customer/Market                                                                                                                      |     | 2024 Volume Growth |
| Agricultural Finance |     | 69%                     |     | Farm & Ranch        |     | $18.6 Billion   |     | Financing to traditional agricultural mortgage market                                                                                |     | (1)%               |
|                      |     |                         |     | Corporate AgFinance |     | $1.9 Billion    |     | Financing to more complex farming operations, agribusinesses focused on food and fiber processing, and other supply chain production |     | 11%                |

| Infrastructure Finance |     | 31% |