Form 4: Federated Hermes Executive Thomas Donahue Reports Changes in Beneficial Ownership

Thomas Donahue, VP, CFO & Treasurer of Federated Hermes, reports changes in his beneficial ownership of Class B Common Stock due to trust terminations and transfers.

Summary

• Thomas R. Donahue, a director and VP, CFO & Treasurer of Federated Hermes, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class B Common Stock.
• On March 6, 2024, Donahue acquired 34,737 shares of Class B Common Stock.
• These shares were acquired at a price of $0.00.
• The filing also reflects indirect ownership through various trusts and entities, including The Thomas R. and Frances L. Donahue Grantor Dynasty Trust (19,199 shares), MaxFund Partners, L.P. (421,690 shares), and others.
• The Trust Agreement of Henry J. Lombard FBO Marianne Herdani was terminated, resulting in the transfer of 300 shares of Federated Hermes, Inc. Class B Common Stock to the Trust Agreement of Henry J. Lombard FBO Henry G. Lombard and the Trust Agreement of Henry J. Lombard FBO Frances L. Donahue.
• The Trust Agreement of Henry J. Lombard FBO Frances L. Donahue was subsequently terminated and the 300 shares of FHI it held were transferred to its beneficiary, Frances L. Donahue, the reporting person's spouse.
• As of the report, Donahue directly owns 596,399 shares.
• Donahue disclaims beneficial ownership of shares held by his spouse and the Trust Agreement of Henry J. Lombard FBO Henry G. Lombard except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard insider trading activity.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• Shareholders may be interested in the changes in beneficial ownership as it provides insights into the actions of company executives.

Key Dates