Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 37

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 37
---
 of Mr. Tiarks on February 4, 2025, his estate vested in 321 shares valued at $62,666 based on a price of $195.22 per share (the closing price of the Class C Non-Voting Common Stock on the trading day preceding the vesting date as reported by the NYSE) and forfeited the remaining 52 RSUs awarded to him on March 5, 2024.

3 The amount received by each director during 2024 in the category "All Other Compensation" consists of the payment of cash in lieu of dividends that would have been paid on shares related to RSUs granted in March 2023 that vested on March 31, 2024. Mr. Plagge and Mr. Riel did not receive this payment because they did not serve on the Board before March 2024 and therefore did not receive any RSUs that vested in 2024. The amounts received by Mr. Brack and Mr. Dobrinski, who served through May 16, 2024, also include the payment of $98.00 to each as cash in lieu of dividends that would have been paid on 70 shares related to RSUs granted in March 2024 that vested pro rata for each in May 2024 upon their retirement from the Board.

4 Mr. Brack and Mr. Dobrinski retired from the Board effective May 16, 2024. That same day, Mr. Plagge and Mr. Riel were elected to the Board at Farmer Mac's Annual Meeting of Stockholders. Mr. Tiarks died on February 4, 2025.

| 25 |

| PROPOSAL 1: ELECTION OF DIRECTORS |

In November 2024, the Board (1) maintained the base annual cash retainer payable to each director at $69,000 for 2025; and (2) approved an increase to the targeted value for the annual equity award granted to each director from $69,000 to $75,000 for 2025. The overall targeted total compensation per director of $144,000 per year for 2025 represented a 4.3% increase compared to the overall targeted total compensation of $138,000 per year for 2024. The Board maintained the same level of incremental annual cash retainers payable to the Board Chair ($50,000) and the Board Vice Chair ($25,000) for 2025 but increased the annual cash retainers payable to the eight