How Nordholm was paid
$4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Bradford T. NordholmChief Executive Officer | $800,000 | $1,193,677 | $393,412 | $1,397,967 | $240,552 | $4,025,608 |
| Matthew M. PullinsExecutive Vice President – Chief Financial Officer and Treasurer | $14,808 | $275,149 | — | $275,000 | $1,955 | $566,912 |
| Zachary N. CarpenterPresident and Chief Operating Officer | $498,577 | $359,982 | $118,691 | $622,485 | $120,821 | $1,720,556 |
| Geraldine I. HayhurstExecutive Vice President – Chief Legal Officer and Secretary | $129,808 | — | — | $250,000 | $17,135 | $396,943 |
| Brian M. BrinchExecutive Vice President – Chief Risk Officer | $450,000 | $151,912 | $49,966 | $279,893 | $88,299 | $1,020,070 |
| Stephen P. MullerySenior Vice President – Legal Advisor | $500,000 | $468,451 | $81,352 | $296,992 | $113,704 | $1,460,499 |
| Gregory N. RamseyVice President and Chief Accounting Officer | $387,163 | $81,208 | — | $201,905 | $75,520 | $745,796 |
| Aparna Rameshformer Executive Vice President – Chief Financial Officer and Treasurer | $336,519 | $359,982 | $118,691 | — | $91,488 | $906,680 |
What changed and why
- $4MCEO total compensation increased to $4,025,608 in fiscal 2025 based on strong company performance.
- 16%Farmer Mac achieved a record 16 percent return on equity in 2025.
- $112.77Book value per share reached $112.77 at year-end 2025.
- 7%Quarterly dividends increased 7 percent year-over-year in 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.