Form 4: Federated Hermes Executive Sells Shares to Cover Tax Obligations, Acquires Additional Shares
SEC Form 4 Filing
Saker Anwar Nusseibeh, CEO of Hermes Fund Managers Ltd., sold shares of Federated Hermes, Inc. to cover tax obligations and acquired additional shares.
Summary
- On March 5, 2024, Saker Anwar Nusseibeh sold 8,302 shares of Class B Common Stock at a weighted average price of $36.1485.
- The sale was to satisfy tax obligations arising from the vesting of restricted shares.
- On March 6, 2024, Saker Anwar Nusseibeh acquired 13,072 shares of Class B Common Stock at $0.00.
- Following these transactions, Nusseibeh directly owns 191,248 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Sale of 8,302 shares of Class B Common Stock. |
| 03/06/2024 | Acquisition of 13,072 shares of Class B Common Stock. |
| 03/07/2024 | Date of signature for the SEC Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.