EVP at Federated Hermes (NYSE: FHI) sells 5,000 Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Federated Hermes, Inc. executive vice president and chief legal officer Peter J. Germain reported an open-market sale of 5,000 shares of Class B Common Stock at a weighted average price of $54.2954 per share. After this transaction, he directly holds 212,468 shares of Class B Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($271,477)
Net Sell
1 txn
Insider
Germain Peter J
Role
EVP, CLO & Sec.
Sold
5,000 shs ($271K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 5,000 | $54.2954 | $271K |
Holdings After Transaction:
Class B Common Stock — 212,468 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,000 shares
Average sale price: $54.2954 per share
Post-transaction holdings: 212,468 shares
+1 more
4 metrics
Shares sold
5,000 shares
Open-market sale of Class B Common Stock
Average sale price
$54.2954 per share
Weighted average sale price for 5,000 shares
Post-transaction holdings
212,468 shares
Directly owned Class B Common Stock after sale
Price range of trades
$54.2901–$54.33 per share
Four individual transactions within this range
Key Terms
Class B Common Stock, open-market sale, weighted average price
3 terms
Class B Common Stock financial
"The transaction involved Class B Common Stock of Federated Hermes."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
open-market sale financial
"The sale was an open-market transaction at a weighted average price."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The 5,000 shares were sold at a weighted average of $54.2954."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did Federated Hermes (FHI) report for Peter J. Germain?
Peter J. Germain reported selling 5,000 Class B Common shares. The sale was an open-market transaction at a weighted average price of $54.2954 per share, and it was disclosed in a Form 4 insider trading report.
What type of security did the Federated Hermes (FHI) insider sell?
The transaction involved Class B Common Stock of Federated Hermes. The Form 4 specifies that 5,000 shares of this non-derivative security were sold in an open-market transaction, with direct ownership reported after the sale.
Was the Federated Hermes (FHI) insider sale a market trade or a private transfer?
The filing describes the transaction as an open-market sale. The transaction code “S” and the description state it was a sale in the open market or private transaction, with pricing details indicating market-style trades within a narrow range.