Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 55

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 55
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 its philosophy of promoting a performance-oriented, results-based culture where compensation varies based on business results achieved and is properly aligned with an acceptable risk profile, effective risk management, and stockholder returns. Consistent with Farmer Mac's total compensation philosophy, much of the named executive officers' total compensation is performance-based.

The Compensation Committee approved the 2024 target compensation levels for the named executive officers as described in the table below.

#### 2024 Target Compensation Levels
| Name                 |     | Base Salary |     | Target Bonus                                      |     | Target Total Cash Compensation1 |     | Target Long-Term Incentive Value2 |     | Target Total Direct Compensation3 |
| Bradford T. Nordholm |     |    $800,000 |     | $800,000                (100% of base salary)     |     |                      $1,600,000 |     |                        $1,450,000 |     |                        $3,050,000 |
| Aparna Ramesh        |     |    $540,000 |     | $270,000                    (50% of base salary)  |     |                        $810,000 |     |                          $450,000 |     |                        $1,260,000 |
| Zachary N. Carpenter |     |    $465,000 |     | $348,750                    (75% of base salary)  |     |                        $813,750 |     |                          $450,000 |     |                        $1,263,750 |
| Stephen P. Mullery   |     |    $500,000 |     | $200,000                     (40% of base salary) |     |                        $700,000 |     |                          $300,000 |     |                        $1,000,000 |
| Marc J. Crady        |     |    $415,000 |     | $166,000                     (40% of base salary) |     |                        $581,000 |     |                          $190,000 |     |                          $771,000 |

1 Target total cash compensation equals approved base salary plus target bonus.

2 Includes the targeted value of time-based RSUs, performance-based RSUs, and SARs, allocated at 50%, 25%, and 25%, respectively, of the total equity award granted in 2024. The number of RSUs and SARs actually granted in March 2024 was determined in accordance with the Board policy on grants of equity-based compensation described