Fannie Mae CEO Almodovar's New Employment Agreement
Ticker: FNMAP · Form: 8-K · Filed: Jun 13, 2024 · CIK: 310522
Sentiment: neutral
Topics: executive-compensation, employment-agreement
TL;DR
Fannie Mae inked a new deal with CEO Almodovar, locking in her comp.
AI Summary
On June 12, 2024, Federal National Mortgage Association (Fannie Mae) announced changes to its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, Priscilla Almodovar, effective June 12, 2024. This agreement outlines her compensation and other terms of employment.
Why It Matters
This filing details the updated compensation structure for Fannie Mae's CEO, which could impact executive compensation trends and investor perceptions of the company's leadership stability.
Risk Assessment
Risk Level: low — The filing primarily concerns executive compensation and employment agreements, which typically carry a low direct financial risk to the company's overall operations.
Key Players & Entities
- Federal National Mortgage Association (company) — Registrant
- Fannie Mae (company) — Registrant's common name
- Priscilla Almodovar (person) — Chief Executive Officer
- June 12, 2024 (date) — Effective date of new employment agreement
FAQ
What is the effective date of Priscilla Almodovar's new employment agreement?
The new employment agreement for Priscilla Almodovar is effective as of June 12, 2024.
Who is the Chief Executive Officer of Federal National Mortgage Association?
Priscilla Almodovar is the Chief Executive Officer of Federal National Mortgage Association.
What type of corporation is Federal National Mortgage Association?
Federal National Mortgage Association is a federally chartered corporation.
What is the principal executive office address for Fannie Mae?
The principal executive offices of Fannie Mae are located at 1100 15th Street, NW, Washington, DC 20005.
What is the IRS Employer Identification Number for Fannie Mae?
The IRS Employer Identification Number for Fannie Mae is 52-0883107.
Filing Stats: 478 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-06-13 16:13:48
Filing Documents
- fnm-20240612.htm (8-K) — 25KB
- 0000310522-24-000426.txt ( ) — 134KB
- fnm-20240612.xsd (EX-101.SCH) — 2KB
- fnm-20240612_lab.xml (EX-101.LAB) — 19KB
- fnm-20240612_pre.xml (EX-101.PRE) — 11KB
- fnm-20240612_htm.xml (XML) — 2KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FEDERAL NATIONAL MORTGAGE ASSOCIATION By /s/ Wells M. Engledow Wells M. Engledow Enterprise Deputy General Counsel—Senior Vice President Date: June 13, 2024 2