Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 47

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 47
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 2024 ("named executive officers"):

• Bradford T. Nordholm, President and Chief Executive Officer;

• Aparna Ramesh, Executive Vice President – Chief Financial Officer and Treasurer;

• Zachary N. Carpenter, Executive Vice President – Chief Business Officer;

• Stephen P. Mullery, Executive Vice President – General Counsel and Secretary; and

• Marc J. Crady, Senior Vice President – Chief Credit Officer.

This list of named executive officers has not changed since our CD&A for 2023.

#### Compensation Philosophy
The Board, through the Compensation Committee, has adopted a total compensation philosophy for Farmer Mac. Farmer Mac's total compensation philosophy is designed to maintain a compensation program that fosters a performance-oriented, results-based culture where compensation varies based on the business results achieved and is properly aligned with an acceptable risk profile, effective risk management, and stockholder returns. At the 2024 Annual Meeting of Stockholders to approve the compensation of Farmer Mac's named executive officers disclosed in Farmer Mac's 2024 Proxy Statement, over 99% of the votes cast by Farmer Mac's stockholders (excluding broker non-votes and abstentions) supported the compensation of the named executive officers. The Board considered the results of this advisory vote and determined that Farmer Mac's compensation policies and decisions should continue to emphasize the total compensation philosophy. Specifically, Farmer Mac's compensation program aims to:

| Attract, retain, and reward employees with the skills required to accomplish Farmer Mac's business objectives |     | Provide accountability and incentives for achievement of those objectives                                                               |     | Pay for performance by linking significant compensation to increased stockholder value and the attainment of established corporate performance goals |
| Properly balance Farmer Mac's risk profile with both annual and long-term incentives                          |     | Align with Farmer Mac's business processes, such as business planning, performance management, succession planning, and risk management |     | Reward employees for accomplishments in leadership and strategic performance in areas that can be significant drivers of long-term stockholder value |

Farmer Mac's total compensation philosophy seeks to achieve the appropriate balance among market-based salaries, variable incentive compensation, and benefits collectively designed to motivate the named executive officers to achieve Farmer Mac's current and long-term business objectives and thereby enhance long-term stockholder value. This philosophy also seeks to encourage effective risk management and prudent risk-taking within Board-established parameters with the proper balance between short-term and long-term business performance. Farmer Mac strives to deliver a significant portion of total compensation for executive officers through both short-term and long-term incentives that