Form 4: Federated Hermes CFO Plans Future Share Gift

Federated Hermes VP, CFO & Treasurer Thomas R. Donahue reported a planned gift of 25,525 shares of Class B Common Stock on August 28, 2025, under a Rule 10b5-1 plan.

Summary

• Thomas R. Donahue, VP, CFO & Treasurer, and a Director of Federated Hermes, Inc. (FHI), filed a Form 4.
• The filing reports a planned disposition of 25,525 shares of Class B Common Stock as a gift (Transaction Code 'G').
• The transaction is scheduled to occur on August 28, 2025.
• The disposition is made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The shares were disposed of at a price of $0, consistent with a gift.
• Following this planned transaction, Thomas R. Donahue will directly beneficially own 574,948 shares of Class B Common Stock.
• Indirect beneficial ownership includes 19,199 shares held by The Thomas R. and Frances L. Donahue Grantor Dynasty Trust, 421,690 shares by MaxFund Partners, L.P., 72 shares by a 401(k) Plan, 8,095 shares by spouse, 27,544 shares by The Fran L. Donahue Grantor Trust, 37,544 shares by The Thomas R. Donahue Grantor Trust, 2,000 shares by Maxfund, Inc., and 300 shares by Trust Agreement of Henry J. Lombard FBO Henry G. Lombard.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A gift of shares is not a sale, and the pre-planned nature under a 10b5-1 plan reduces any potential negative interpretations regarding opportunistic timing. It's a personal financial management event rather than a reflection of company performance.

Positives

• The transaction is a gift, not a sale, indicating no immediate intent to liquidate holdings for personal gain.
• The transaction is pre-planned under a Rule 10b5-1 plan, which suggests a structured approach to share management rather than opportunistic timing.

Future Outlook

The filing details a planned future transaction for August 28, 2025, under a Rule 10b5-1 plan, indicating a pre-arranged disposition of shares.

Industry Context

Insider transaction reports (Form 4s) are routine disclosures in the financial industry, providing transparency into changes in beneficial ownership by company executives and directors. A gift of shares, especially when pre-planned under a 10b5-1 plan, is a common personal financial management activity and typically does not reflect on the company's operational performance or strategic direction.

Related Party Transactions

• The planned gift of shares is a personal transaction by an insider, potentially to trusts or family members, which are considered related parties in a broad sense for disclosure purposes.

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a gift, not a sale, and pre-planned, suggesting no immediate change in the insider's confidence in the company.
• Employees, Customers, Suppliers, Creditors: No direct impact from this personal transaction.

Key Dates

Keywords

Federated Hermes, FHI, Insider Transaction, Form 4, Stock Gift, Thomas R. Donahue, 10b5-1 Plan, Class B Common Stock