Form 4: Federated Hermes EVP Peter J. Germain Sells Shares to Cover Tax Obligations

Peter J. Germain, EVP, CLO & Secretary of Federated Hermes, Inc., sold 5,305 shares of Class B Common Stock on March 5, 2024, to satisfy tax obligations.

Summary

• On March 5, 2024, Peter J. Germain, an Executive Vice President, CLO & Secretary at Federated Hermes, Inc. (FHI), sold 5,305 shares of Class B Common Stock.
• The sale was executed at a weighted average price of $36.1414 per share.
• The shares were sold in 24 transactions with prices ranging from $36.00 to $36.29.
• This transaction was to cover tax obligations arising from the vesting of restricted shares of stock.
• Following the transaction, Germain directly owns 213,036 shares of Federated Hermes, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's sentiment about the company's future prospects.

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 given the reason for the sale.

Key Dates