Novak Richard A 4
4 · FEDERATED HERMES, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Federated Hermes (FHI) PAO Richard Novak Sells 14,000 Shares
What Happened
Richard A. Novak, Principal Accounting Officer of Federated Hermes, Inc. (FHI), sold 14,000 shares in open-market transactions on February 17, 2026. The reported weighted-average price was $55.25 per share, for total proceeds of approximately $773,545. The shares were disposed in five trades at prices ranging from $55.2405 to $55.32.
Key Details
- Transaction type: Sale (open market), reporting code S.
- Transaction date: 2026-02-17; Filing date: 2026-02-18 (filed the next day).
- Price: Weighted average $55.25; individual trades ranged $55.2405–$55.32 (5 transactions).
- Shares sold: 14,000; Proceeds: ~$773,545.
- Shares owned after transaction: Not stated in the filing.
- Footnotes: F1 notes the weighted-average price and offers to provide the per-trade breakdown on request. Remarks reference a Power of Attorney dated Aug 30, 2022.
Context
This was an open-market sale (routine disposition) rather than a purchase or option exercise. Sales by officers can be routine—this filing is informational and does not, by itself, indicate company performance or insider sentiment.
Insider Transaction Report
Form 4
Novak Richard A
Principal Accounting Officer
Transactions
- Sale
Class B Common Stock
[F1]2026-02-17$55.25/sh−14,000$773,545→ 43,500 total
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in 5 transactions at prices ranging from $55.2405 to $55.32 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.
Signature
/s/ John D. Martini (Attorney-in-Fact)|2026-02-18