Form 4: Federated Hermes Vice President Paul Uhlman Sells Shares to Cover Tax Obligations

Paul Uhlman, a Vice President at Federated Hermes, sold 994 shares of Class B Common Stock on June 17, 2024, to satisfy tax obligations arising from the vesting of restricted shares.

Summary

• On June 17, 2024, Paul A. Uhlman, a Vice President at Federated Hermes, Inc., sold 994 shares of Class B Common Stock.
• The sale was executed at a weighted average price of $31.4265 per share.
• The shares were sold in three transactions with prices ranging from $31.351 to $31.43.
• This transaction was to cover tax obligations related to the vesting of restricted shares of stock.
• Following the transaction, Uhlman directly owns 298,578 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a Vice President, trades in their company's stock. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates