Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 62

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 62
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                                       |     | $30.4 billion                                       |     | $28.7 billion                                                              |     | 11.39%                     |
| Ratio of Substandard Assets to Regulatory Capital |     | 15%    |     | less than 40%                                       |     | less than 20%                                       |     | less than 10%                                       |     | 28.87%                                                                     |     | 11.67%                     |
| Leadership and Strategic Performance              |     | 35%    |     | Evaluation by Compensation Committee of Performance |     | Evaluation by Compensation Committee of Performance |     | Evaluation by Compensation Committee of Performance |     | leadership, strategic initiatives, risk management, and capital efficiency |     | 35% for each  individual   |
| Total                                             |     | 100%   |     |                                                     |     |                                                     |     |                                                     |     |                                                                            |     | 89.90% for each individual |

1 See pages 36-37 for more detailed descriptions of these measures.

| 41 |

| EXECUTIVE COMPENSATION GOVERNANCE |

For short-term incentive compensation for performance in 2025, the Compensation Committee decided to maintain the same design and metrics used to determine short-term incentive compensation for 2024 while calibrating the threshold, target, and maximum amounts with appropriate increases over 2024 results and consistent with Farmer Mac's 2025 business plan. For 2025, each of the named executive officers will earn percentages of the components of his or her targeted cash bonus for 2025, determined formulaically according to the scorecard below:

| Measure                                           |     | Weight |     | Threshold (Pays 50%)                                                                  |     | Target (Pays 100%)                                                                    |     | Maximum (Pays 200%)                                                                    |
| Earnings                                          |     | 25%    |     | approximately 1% above 2024 result                                                    |     | approximately 6% above 2024 result                                                    |     | approximately 12% above 2024 result                                                    |
| Total Revenues                                    |     | 15%    |     | approximately 1% above 2024 result                                                    |     | approximately 6% above 2024 result                                                    |     | approximately 12% above 2024 result                                                    |
| Business Volume                                   |     | 10%    |     | average outstanding business volume for 2025 approximately 1% higher than 2024 result |     | average outstanding business