Form 4: Federated Hermes Executive Sells Shares to Cover Tax Obligations

Saker Anwar Nusseibeh, CEO of Federated Hermes Limited, sold 5,546 shares of Class B Common Stock to satisfy tax obligations arising from the vesting of restricted shares.

Summary

• On February 7, 2025, Saker Anwar Nusseibeh, CEO of Federated Hermes Limited, sold 5,546 shares of Federated Hermes, Inc. Class B Common Stock.
• The sale was executed at a weighted average price of $38.8065 per share.
• The shares were sold in 30 transactions with prices ranging from $38.67 to $39.06.
• The sale was to satisfy tax obligations related to the vesting of restricted shares.
• Following the transaction, Nusseibeh directly owns 179,096 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: The document is neutral. It reports a routine transaction (sale of shares for tax obligations) by an executive. It's neither particularly positive nor negative for the company's outlook.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation. The sale itself is unlikely to have a significant impact on the stock price, but the market may look at the overall insider sentiment.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by shareholders if they interpret it as a lack of confidence in the company, although this is likely a routine transaction.

Key Dates

Keywords

Federated Hermes, FHI, Saker Anwar Nusseibeh, share sale, Form 4, insider trading, tax obligations, Class B Common Stock