Company: AGM-PH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000845877-25-000143
Chunk: 81

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 81
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 account, including both non-elective employer credits and elective deferrals: (i) death, (ii) disability, and (iii) the later to occur of the participant’s separation from service (as defined in Section 409A of the Code) or attaining the age of 65. A participant may elect to receive these payments in a single lump sum cash payment or in annual installments for a period of up to ten years, although account balances will become payable immediately in a single lump sum cash payment upon a participant’s death or disability. A participant also can request a distribution in the event of an unforeseen emergency (as defined in Section 409A of the Code).

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| EXECUTIVE COMPENSATION GOVERNANCE |

Account balances under the NQDC Plan earn or lose value based on the investment performance of one or more of the investment funds offered under the NQDC Plan and selected by the participants, which are generally similar to the investment options offered under Farmer Mac’s 401(k) retirement plan available to all employees. The returns on the funds in each current participant's account ranged from 5.8% to 15.4% for the year ended December 31, 2024.

All amounts credited to a participant’s account under the NQDC Plan represent Farmer Mac’s contractual obligation to pay future benefits and will not be secured by any segregated assets, thereby putting NQDC Plan participants in a similar position to the unsecured general creditors of Farmer Mac.

The following table shows the benefits accrued under the NQDC Plan by Farmer Mac's named executive officers that participated in the NQDC Plan as of December 31, 2024.

| Name                 |     | Aggregate Balance at End of 2023 |     | Executive Contributions1 
                  in 2024 |     | Farmer Mac's Contributions2 
                     in 2024 |     | Aggregate Earnings3 
             in 2024 |     | Aggregate Withdrawals/Distributions |     | Aggregate Balance4 
     at End of 2024 |
| Bradford T. Nordholm |     |                       $2,549,542 |     |                 $359,602 |     |                     $76,545 |     |            $214,853 |     | $—                                  |     |         $3,200,542 |
| Aparna Ramesh        |     |                         $224,755 |     |                  $56,271 |     |                     $36,855 |     |