Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 2

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 3
Chunk 2
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 terms as the performance-vested RSUs granted to the named executive officers on March 6, 2025 and are eligible for "cliff" vesting on March 31, 2028 in an amount between 0% and 200% of the target number of RSUs granted based on performance objectives related to cumulative core earnings before credit, subject to "gatekeeper" metrics related to capital and asset quality, for the performance period of January 1, 2025 to December 31, 2027;

103

• an aggregate of 1,530 time-vested RSUs to four executive officers scheduled to vest in three equal annual installments on March 31, 2026, March 31, 2027, and March 31, 2028; and

• an aggregate of 18,699 time-vested RSUs to 178 non-executive officer employees scheduled to vest in three equal annual installments on March 31, 2026, March 31, 2027, and March 31, 2028.

On March 26, 2025, Farmer Mac granted 358 time-vested RSUs to a new director upon his appointment to the Board of Directors, which are scheduled to vest on March 31, 2026.

(b)     Not applicable.

(c)     None.