Form 4: Federated Hermes Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Saker Anwar Nusseibeh, CEO of Federated Hermes Limited, sold shares of Class B Common Stock to cover tax obligations arising from vesting restricted shares.
Summary
- On March 4, 2025, Saker Anwar Nusseibeh sold 6,921 shares of Class B Common Stock at a weighted average price of $37.5714.
- The shares were sold in 49 transactions with prices ranging from $37.17 to $38.06.
- This sale was to satisfy tax obligations related to the vesting of restricted shares.
- On March 5, 2025, Saker Anwar Nusseibeh acquired 13,229 shares of Class B Common Stock at $0.
- Following these transactions, Nusseibeh directly owns 185,404 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It's common for executives to sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 08/31/2022 | Date of Power of Attorney |
| 03/04/2025 | Sale of 6,921 shares of Class B Common Stock at $37.5714 |
| 03/05/2025 | Acquisition of 13,229 shares of Class B Common Stock at $0 |
| 03/06/2025 | Date of signature for the SEC filing |
Keywords
Federated Hermes, FHI, Saker Anwar Nusseibeh, Class B Common Stock, SEC Form 4, Insider Trading, Tax Obligations, Share Sale
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