Novak Richard A 4

What Happened
Richard A. Novak, Principal Accounting Officer of Federated Hermes, received 2,576 shares as a grant/award (vesting) on 2026-03-05 (acquired at $0.00). On the same date he disposed of 867 shares in an open-market/private sale at a weighted average price of $56.49, generating proceeds of approximately $48,980. The sale was reported as to satisfy tax withholding obligations tied to the vesting award.

Key Details

• Transaction date: 2026-03-05 (reported on Form 4 filed 2026-03-06). Filing appears timely.
• Award: 2,576 shares acquired (code A) at $0.00 (vesting).
• Sale: 867 shares disposed (code S) at a weighted average price $56.49 for total proceeds ~$48,980. Footnote indicates the sale occurred in 10 transactions at prices ranging $56.42–$56.82; per-price breakdown available on request.
• Reason for sale: Tax withholding related to vesting (footnote F1).
• Shares owned after transaction: Not specified in this Form 4.
• Other remark: Power of Attorney dated Aug 30, 2022, is incorporated by reference.

Context
This filing reflects a typical vesting event where restricted shares are granted and a portion of shares are sold to satisfy tax obligations—common executive compensation mechanics and not by itself a market sentiment signal. Purchases by insiders tend to be more informative than routine sales made solely for tax withholding.