Form 4: Federated Hermes VP Stephen Van Meter Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
Stephen Van Meter, VP and Chief Compliance Officer of Federated Hermes, Inc., reported the sale of Class B Common Stock to satisfy tax obligations arising from the vesting of restricted shares.
Summary
- On March 4, 2025, Stephen Van Meter, VP and Chief Compliance Officer of Federated Hermes, Inc., sold 26 shares of Class B Common Stock at an average price of $37.2071 and 400 shares at $38.3.
- On March 5, 2025, Van Meter acquired 1,754 shares of Class B Common Stock at $0.
- Following these transactions, Van Meter directly owns 35,947 shares of Class B Common Stock.
- The sales were executed to cover tax obligations related to the vesting of restricted shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company 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 are unlikely to have a significant impact on shareholders, as they are related to tax obligations and involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 08/31/2022 | Date of Power of Attorney incorporated by reference |
| 03/04/2025 | Sale of 26 shares of Class B Common Stock at $37.2071 and 400 shares at $38.3 |
| 03/05/2025 | Acquisition of 1,754 shares of Class B Common Stock at $0 |
| 03/06/2025 | Date of signature for the Form 4 filing |
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