Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 61

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 61
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ity and total stockholder return;

• successfully completing a fourth and fifth structured securitization transaction that decreased Farmer Mac's credit risk and improved its capital efficiency, while retaining rights to future recurring fee income;

• improving Farmer Mac's operations by enhancing its internal loan servicing capabilities;

• continued progress on developing the talent and infrastructure to handle more complex commercial loans;

• the outstanding leadership demonstrated by Farmer Mac's executives working as a team in the face of macroeconomic disruptions as Farmer Mac continued to provide needed liquidity and lending capacity to lenders serving rural America;

• effectively managing a growing and dispersed workforce while adding talent to the organization and maintaining low employee attrition and an operating efficiency below 30%;

• further enhancing Farmer Mac's long-term strategic planning, thought leadership, and the effectiveness of risk management;

• continued progress on strategic initiatives to promote effective outreach to key stakeholders and to broaden, deepen, and diversify Farmer Mac's sources of business; and

• Farmer Mac's continued compliance with applicable regulatory requirements.

The named executive officers were uniformly rated for the "Leadership and Strategic Performance" component for performance in 2024, in contrast to prior years, because of the uniformly high level of teamwork that resulted in the 2024 achievements identified above.

When combined, the level of incentive achieved by each of the named executive officers for 2024 was 89.90% of the applicable target bonus. Annual incentive compensation payments for 2024, which are disclosed in "Executive Compensation—Summary Compensation Table," were paid in March 2025.

| Measure1                                          |     | Weight |     | Threshold                                           
 (Pays 50%)                                          |     | Target                                              
 (Pays 100%)                                         |     | Maximum                                             
 (Pays 200%)                                         |     | Result                                                                     |     | Paid                       |
| Earnings                                          |     | 25%    |     | $173.3 million                                      |     | $184.5 million                                      |     | $197.3 million                                      |     | $180.9 million                                                             |     | 20.96%                     |
| Total Revenues                                    |     | 15%    |     | $351.8 million                                      |     | $374.4 million                                      |     | $400.5 million                                      |     | $362.0 million                                                             |     | 10.88%                     |
| Business Volume                                   |     | 10%    |     | $27.4 billion                                       |     | $28.5 billion