Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: (a) Farmer Mac is a federally chartered instrumentality of the United States whose debt and equity
−Removed: securities are exempt from registration under Section 3(a)(2) of the Securities Act of 1933.
−Removed: During second
−Removed: quarter 2024, the following transactions occurred related to Farmer Mac's equity securities that were not
−Removed: registered under the Securities Act of 1933 and were not otherwise reported on a Current Report on
+Added: (a) Farmer Mac is a federally chartered instrumentality of the United States whose debt and equity securities are exempt from registration under Section 3(a)(2) of the Securities Act of 1933.
+Added: During third quarter 2024, the following transactions occurred related to Farmer Mac's equity securities that were not registered under the Securities Act of 1933 and were not otherwise reported on a Current Report on Form 8-K:
Class C Non-Voting Common Stock.
−Removed: Under Farmer Mac's policy that permits directors of Farmer Mac to
−Removed: elect to receive shares of Class C non-voting common stock in lieu of their cash retainers, Farmer Mac
−Removed: issued an aggregate of 340 shares of its Class C non-voting common stock in April 2024 to the seven
−Removed: directors who elected to receive stock in lieu of their cash retainers.
−Removed: Farmer Mac calculated the number of
−Removed: shares issued to the directors based on a price of $196.88 per share, which was the closing price of the
−Removed: Class C non-voting common stock on March 31, 2024 (the last trading day of the previous quarter) as
−Removed: reported by the New York Stock Exchange.
+Added: Under Farmer Mac's policy that permits directors of Farmer Mac to elect to receive shares of Class C non-voting common stock in lieu of their cash retainers, Farmer Mac issued an aggregate of 433 shares of its Class C non-voting common stock in July 2024 to the eight directors who elected to receive stock in lieu of their cash retainers.
+Added: Farmer Mac calculated the number of shares issued to the directors based on a price of $180.82 per share, which was the closing price of the Class C non-voting common stock on June 30, 2024 (the last trading day of the previous quarter) as reported by the New York Stock Exchange.
(b) Not applicable.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.