FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) 8-K Current Report: March 11, 2026
Filed: March 11, 2026
Financials
Federal & Federally-Sponsored Credit AgenciesFEDERAL AGRICULTURAL MORTGAGE CORP (AGM) 8-K current report filed with SEC EDGAR on March 11, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items1 item
- Item 5.02: Departure/Election of Directors or Officers
FEDERAL AGRICULTURAL MORTGAGE CORP 8-K Mar 11, 2026 Event Analysis
Item 5.02 · Departure/Election of Directors or Officers
- • CEO Nordholm's 2023 special retention RSU grant vested at 164% performance, delivering 24,600 shares on March 31, 2026 vs. 15,000 target
- • 2023 performance RSUs vested at 200% maximum for all recipients; 3-year cumulative Earnings before Credit of $562.9M exceeded $520.0M max threshold
- • Nordholm received $1.40M cash bonus; Carpenter salary raised to $650K (+$75K) and awarded $622K bonus; new grants at $162.15/share strike price
- • New performance RSU target set at $736.2M 3-year cumulative Earnings before Credit (2026–2028); max payout at $853.9M, threshold at $629.9M
- • Nordholm granted 8,835 time-based RSUs vesting March 31, 2027 — front-loaded single tranche vs. peers' 3-year schedule, consistent with amended employment agreement
Other FEDERAL AGRICULTURAL MORTGAGE CORP 8-K Filings
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