Federated Hermes (NYSE: FHI) officer sells 867, receives 2,576 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FEDERATED HERMES, INC. Principal Accounting Officer Richard A. Novak reported two transactions in Class B Common Stock. On the same date, he executed an open-market sale of 867 shares at a weighted average price of $56.4932 per share, described as a sale to satisfy tax obligations from the vesting of restricted stock. He also received a grant or award of 2,576 shares at no cost. After these transactions, he directly owned 45,209 Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 867 shares ($48,980)
Net Sell
2 txns
Insider
Novak Richard A
Role
Principal Accounting Officer
Sold
867 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 867 | $56.4932 | $49K |
| Grant/Award | Class B Common Stock | 2,576 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 42,633 shares (Direct)
Footnotes (1)
- Represents a sale of shares to satisfy tax obligations arising from the vesting of restricted shares of stock. The price reported in Column 4 is a weighted average price. These shares were sold in 10 transactions at prices ranging from $56.42 to $56.82 inclusive. The reporting person undertakes to provide to Federated Hermes, Inc., any security holder of Federated Hermes, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
What insider transactions did FHI officer Richard A. Novak report?
Richard A. Novak reported one sale and one acquisition of Federated Hermes Class B Common Stock. He sold 867 shares in an open-market transaction and received 2,576 shares as a grant or award on the same date.
What stock award did the Federated Hermes (FHI) officer receive?
Richard A. Novak received a grant or award of 2,576 shares of Federated Hermes Class B Common Stock. The shares were acquired at a reported price of $0.00 per share, reflecting a non-cash equity award rather than an open-market purchase.
What role does Richard A. Novak hold at Federated Hermes (FHI)?
Richard A. Novak is identified as an officer of Federated Hermes, serving as the company’s Principal Accounting Officer. The reported transactions relate to his holdings of the company’s Class B Common Stock in that capacity.