# EDGAR Filing Document

**Accession Number:** 0000845877
**File Stem:** 0000845877-26-000055
**Filing Date:** 2026-3
**Character Count:** 8493
**Document Hash:** 90c23fabd9338c54e5a4866c1eb28e06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000845877-26-000055.hdr.sgml**: 20260309

**ACCESSION NUMBER**: 0000845877-26-000055

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260305

**FILED AS OF DATE**: 20260309

**DATE AS OF CHANGE**: 20260309

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Carpenter Zachary
- **CENTRAL INDEX KEY:** 0001776941

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14951
- **FILM NUMBER:** 26735824

**MAIL ADDRESS:**
- **STREET 1:** C/O FARMER MAC 2100 PENNSYLVANIA AVE NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERAL AGRICULTURAL MORTGAGE CORP
- **CENTRAL INDEX KEY:** 0000845877
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 521578738
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2100 PENNSYLVANIA AVE NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037
- **BUSINESS PHONE:** 2028727700

**MAIL ADDRESS:**
- **STREET 1:** 2100 PENNSYLVANIA AVE NW
- **STREET 2:** SUITE 450N
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20037

## Ex-24

![](zackcarpenterlimitedpowe001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LIMITED POWER OF ATTORNEY I, Zachary Carpenter, do hereby grant power of attorney to each of Geraldine I. Hayhurst, Jonathan Cohen, Arriann Mathurin, and Valerie Cloutier for the sole purpose of filing Forms 3, 4, or 5 to report my transactions in Farmer Mac securities with the Securities and Exchange Commission as required by Section 16(b) of the Securities Exchange Act of 1934 and with the Farm Credit Administration (FCA) as required by regulations issued by the FCA. This Limited Power of Attorney will remain in effect until revoked in writing by me. Dated: Signature: Zachary Carpenter 3/9/2026

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Carpenter Zachary<br><sub>(Last) (First) (Middle)</sub><br>C/O FARMER MAC<br>2100 PENNSYLVANIA AVE., NW, SUITE 450N<br><sub>(Street)</sub><br>WASHINGTON, DC 20037<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-03-05 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President and COO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class C Non-Voting Common Stock | 2026-03-05 |  | A |  | 1398<sup>(1)</sup> | A | 0<sup>(1)</sup> | 12112<sup>(2)</sup> | D |  |
| Class C Non-Voting Common Stock | 2026-03-05 |  | A |  | 699<sup>(3)(4)</sup> | A | 0<sup>(3)</sup> | 12811<sup>(2)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Appreciation Right | $162.15 | 2026-03-05 |  | A |  | 2778 |  | <sup>(5)</sup> | 2036-03-05 | Class C Non-Voting Common Stock | 2778 | 0<sup>(6)</sup> | 2778 | D |  |

---

### Footnotes:

(1) Grant of time-vested restricted stock units ("RSUs") under the Amended and Restated 2008 Omnibus Incentive Plan ("Plan") of the Federal Agricultural Mortgage Corporation ("Farmer Mac") for noconsideration. Each RSU represents the contingent right to receive, upon vesting, one share of Farmer Mac's Class C Non-Voting Common Stock. Includes three equal installments of 466 RSUs, each ofwhich will vest on March 31, 2027, March 31, 2028, and March 31, 2029, respectively, if the Reporting Person remains an employee of Farmer Mac on those dates.

(2) In addition to the RSUs reported in this filing, includes 4,408 unvested RSUs previously granted under the Plan, as described in more detail in the Reporting Person's prior filings under Section 16 ofthe Securities Exchange Act of 1934.

(3) This is the target number of performance-based RSUs granted under the Plan for no consideration. Those RSUs will vest on March 31, 2029, if Farmer Mac meets performance objectives related tocumulative core earnings before credit during the performance period of January 1, 2026, to December 31, 2028, subject to "gatekeepers" related to compliance with regulatory capital requirements andspecified asset quality metrics, as specified in the related award agreement.

(4) Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of sharesactually awarded upon vesting exceed 200% of the number of RSUs in the target award.

(5) Exercisable beginning March 31, 2027, with respect to 926 shares, beginning March 31, 2028, with respect to 926 shares, and beginning March 31, 2029, with respect to 926 shares.

(6) Grant of stock appreciation rights under Farmer Mac's Plan for no consideration.

**Signature:** Geraldine I. Hayhurst, as attorney-in-fact for Zachary Carpenter  
**Date:** 2026-03-09

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**