Form 4: Federated Hermes VP, Chief Compliance Officer Stephen Van Meter Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stephen Van Meter, VP and Chief Compliance Officer of Federated Hermes, Inc., sold 72 shares of Class B Common Stock on August 2, 2024, to satisfy tax obligations.
Summary
- On August 2, 2024, Stephen Van Meter, VP and Chief Compliance Officer of Federated Hermes, Inc. (FHI), sold 72 shares of Class B Common Stock.
- The sale was executed at a price of $33.75 per share.
- This transaction was done to satisfy tax obligations arising from the vesting of restricted shares of stock.
- Following the transaction, Van Meter directly owns 31,767 shares of Federated Hermes, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction to cover tax obligations, which is a normal part of executive compensation.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock; this filing indicates a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/31/2022 | Date of Power of Attorney incorporated by reference. |
| 08/02/2024 | Date of transaction: sale of 72 shares of Class B Common Stock at $33.75. |
| 08/05/2024 | Date of signature of the form by Attorney-in-Fact. |
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