Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 367

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 367
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 provide participants with the full amount of the benefits to which they would have been entitled under the tax-qualified Transitional Plan (see our Annual Report on Form 10-K filed on February 19, 2015, for additional information) if that plan was not subject to certain dollar limits under the Internal Revenue Code. This was referred to as the "SERP II Benefit." Mr. Weiss was the only NEO who was eligible for the SERP II Benefit related to the Pension Plan termination.

The SERP II also provides participants with the flexibility to make Roth contributions to the Thrift/401(k) Plan and still receive employer matching contributions in the SERP.

For additional information regarding these benefits, see Executive Compensation - 2024 Compensation Information for NEOs - Nonqualified Deferred Compensation.

Stock Ownership, Hedging, and Pledging Policies

Our stock ownership guidelines were suspended when conservatorship began because we ceased paying our executive officers stock-based compensation. The Purchase Agreement prohibits us from issuing any shares of our equity securities without the prior written consent of Treasury. The suspension of stock ownership requirements is expected to continue through conservatorship and until such time that we resume granting stock-based compensation.

Pursuant to our company policy, all employees, including our NEOs, and our directors are prohibited from: 

n    Engaging in all transactions (including purchasing and selling equity and non-equity securities) involving our securities (except selling company securities owned prior to the implementation of the policy and then only with pre-clearance);

n    Purchasing or selling derivative securities related to our equity securities or dealing in any derivative securities related to our equity securities;

n    Transacting in options (other than options granted by us, and then only with pre-clearance) or other hedging instruments related to our securities; and

n    Holding our securities in a margin account or pledging our securities as collateral for a loan.

For additional information on our policy regarding the purchase, sale, or other disposition of Freddie Mac securities by employees and directors, see Executive Compensation - CD&A - Other Executive Compensation Considerations - Insider Trading Policy.

Insider Trading PolicyThe Purchase Agreement prohibits us from issuing any shares of equity securities without the prior written consent of Treasury; and all Freddie Mac employees and directors are prohibited from entering into transactions to purchase or sell Freddie Mac securities as well as hedging Freddie Mac securities and pledging Freddie Mac securities in margin account or as collateral for a loan. For additional information on stock ownership, see Executive Compensation - CD&A