Form 4: Federated Hermes CFO Acquires 18,000 Class B Shares

Federated Hermes' VP, CFO & Treasurer, Thomas R. Donahue, acquired 18,000 shares of Class B Common Stock at $3 per share.

Summary

• Thomas R. Donahue, the VP, CFO & Treasurer and a Director of Federated Hermes, Inc. (FHI), acquired 18,000 shares of Class B Common Stock.
• The transaction occurred on November 18, 2025, at a price of $3 per share.
• Following this acquisition, Donahue directly beneficially owns 592,948 shares of Class B Common Stock.
• Donahue also holds indirect beneficial ownership of additional Class B Common Stock through various entities, including 19,199 shares via The Thomas R. and Frances L. Donahue Grantor Dynasty Trust, 421,690 shares via MaxFund Partners, L.P., 72 shares via a 401(k) Plan, 8,095 shares via spouse, 27,544 shares via The Fran L. Donahue Grantor Trust, 37,544 shares via The Thomas R. Donahue Grantor Trust, 2,000 shares via Maxfund, Inc., and 300 shares via Trust Agreement of Henry J. Lombard FBO Henry G. Lombard.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive and director is generally a positive indicator of management's confidence in the company's prospects.

Positives

• A key executive and director, Thomas R. Donahue, increased his direct ownership in the company, signaling confidence in Federated Hermes' future prospects.
• The acquisition of 18,000 shares at a price of $3 per share represents a direct investment by management.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's future performance.

Industry Context

Insider buying, particularly by a CFO and Director, is often interpreted by the market as a positive signal, indicating management's belief in the company's intrinsic value and future growth potential. This action aligns with a general trend where executives may increase their stake when they perceive the stock to be undervalued or anticipate positive developments.

Comparison to Industry Standards

• Insider buying activity, such as this acquisition by a CFO, is generally viewed favorably across industries as it aligns management's interests with those of shareholders.
• While the specific amount and price are unique to Federated Hermes, the act of an executive increasing their stake is a common indicator of internal confidence, comparable to similar actions seen in other financial services firms where management often holds significant equity positions.

Related Party Transactions

• Thomas R. Donahue holds indirect beneficial ownership of Class B Common Stock through The Thomas R. and Frances L. Donahue Grantor Dynasty Trust (19,199 shares).
• Thomas R. Donahue holds indirect beneficial ownership of Class B Common Stock through MaxFund Partners, L.P. (421,690 shares).
• Thomas R. Donahue holds indirect beneficial ownership of Class B Common Stock through his spouse (8,095 shares).
• Thomas R. Donahue holds indirect beneficial ownership of Class B Common Stock through The Fran L. Donahue Grantor Trust (27,544 shares).
• Thomas R. Donahue holds indirect beneficial ownership of Class B Common Stock through The Thomas R. Donahue Grantor Trust (37,544 shares).
• Thomas R. Donahue holds indirect beneficial ownership of Class B Common Stock through Maxfund, Inc. (2,000 shares).
• Thomas R. Donahue holds indirect beneficial ownership of Class B Common Stock through Trust Agreement of Henry J. Lombard FBO Henry G. Lombard (300 shares).

Stakeholder Impact

• Shareholders may view this insider purchase as a positive signal, potentially increasing confidence in the company's stock.
• Employees might interpret this as a sign of stability and positive future outlook from leadership.

Key Dates

Recommendation

The acquisition of shares by a high-ranking executive and director, such as the CFO, typically signals strong internal confidence in the company's valuation and future performance. While a single insider transaction does not warrant an immediate 'buy' recommendation without broader fundamental analysis, it provides a positive data point that supports holding the stock, suggesting that management believes the current price offers value.

Keywords

Federated Hermes, FHI, Insider Trading, Form 4, Stock Acquisition, Class B Common Stock, Thomas R. Donahue, CFO, Director