Form 4: Federated Hermes EVP, CLO & Sec. Peter J. Germain Sells Shares
SEC Form 4 Filing
Peter J. Germain, EVP, CLO & Sec. of Federated Hermes, Inc., sold 14,491 shares of Class B Common Stock on November 8, 2024, at a weighted average price of $41.1218.
Summary
- On November 8, 2024, Peter J. Germain, an EVP, CLO & Sec. of Federated Hermes, Inc., sold 14,491 shares of Class B Common Stock.
- The sale was executed at a weighted average price of $41.1218 per share.
- Following the transaction, Germain directly owns 198,153 shares of Federated Hermes, Inc.
- The shares were sold in 107 transactions at prices ranging from $41.06 to $41.19 inclusive.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by an executive.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. It's important to consider the context of the sale, such as the overall trading volume and any company-specific news, to determine its significance.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact unless part of a larger trend.
Key Dates
| Date | Description |
|---|---|
| 08/30/2022 | Date of Power of Attorney incorporated by reference. |
| 11/08/2024 | Date of transaction: sale of Class B Common Stock. |
| 11/12/2024 | Date of signature on the Form 4 filing. |
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