Form 4: Federated Hermes VP Stephen Van Meter Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Stephen Van Meter, VP and Chief Compliance Officer of Federated Hermes, sold 435 shares of Class B Common Stock to satisfy tax obligations arising from the vesting of restricted shares.
Summary
- On March 5, 2024, Stephen Van Meter, VP and Chief Compliance Officer of Federated Hermes, sold 435 shares of Class B Common Stock at a weighted average price of $36.0805.
- The sale was to satisfy tax obligations related to the vesting of restricted shares.
- On March 6, 2024, Stephen Van Meter acquired 1,664 shares of Class B Common Stock at $0.00.
- Following these transactions, Van Meter directly owns 32,918 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders buy or sell their company's stock. This provides transparency to the market.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Sale of 435 shares of Class B Common Stock at $36.0805. |
| 03/06/2024 | Acquisition of 1,664 shares of Class B Common Stock at $0.00. |
| 03/07/2024 | Date of Form 4 filing. |
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