Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 44

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 44
---
 President, Administration for SBLI USA, where she led human resources, customer operations, and facilities during a time of transformational growth. Ms. Willie’s early human resources career included work at the Boston Public Health Commission and Hertz Car Rental. Ms. Willie holds a Master of Business Administration from Fairleigh Dickinson University, New Jersey, and a Bachelor of Science from Ithaca College, New York.                                                                                                                                                                                                                                                                                                                                                                                                                            |

| 30 |

| EXECUTIVE COMPENSATION GOVERNANCE |

### EXECUTIVE COMPENSATION GOVERNANCE
| Overview of Executive Compensation Governance |

The Human Capital and Compensation Committee of Farmer Mac's Board of Directors ("Compensation Committee") determines the salaries, incentive compensation, and other compensation and benefits of Farmer Mac's named executive officers. The Compensation Committee also recommends the compensation of directors in consultation with the Corporate Governance Committee for approval by the Board. The members of the Compensation Committee who determined the 2024 compensation of Farmer Mac's directors and named executive officers were Mr. Culver, Mr. Davidson, Mr. Engebretsen, Dr. Faivre, and Mr. Ware. Mr. Davidson served as chair of the Compensation Committee from June 2012 through May 2024, when Mr. Ware became chair and Mr. Davidson remained on the committee as vice chair. Mr. Riel was added as a member of the Compensation Committee in May 2024 after the compensation of the directors and named executive officers for 2024 had already been determined. No current member of Farmer Mac's Compensation Committee is or has been an officer or employee of Farmer Mac. As described in "Corporate Governance Matters—Director Independence," the Board has affirmatively determined that all members of the Compensation Committee are "independent" under:

• Farmer Mac's Corporate Governance Guidelines, which prescribe independence criteria that meet or exceed all general standards for director independence under applicable SEC and NYSE rules; and

• the added independence criteria prescribed by NYSE rules specifically for directors who serve on the Compensation Committee.

The Compensation Committee and the Board review the Compensation Committee Charter annually and approve changes as appropriate. During 2024, the Compensation Committee reviewed and recommended approval of a revised Compensation Committee Charter, which the Board approved in November 2024. The complete text of the Compensation Committee Charter, which reflects standards in SEC and NYSE rules, is available on Farmer Mac's website (www.farmermac.com) in the "Corporate Governance" portion of the "Investors" section. A print copy of the Compensation Committee