Uhlman Paul A 4

What Happened

• Paul A. Uhlman, Vice President of Federated Hermes, sold 11,739 shares in an open-market/private sale on 2026-03-05 for total proceeds reported as $663,595 (weighted average price $56.53). On the same date he acquired 20,684 shares reported as a grant/award (vested restricted shares) at $0 cost in the filing. The filing notes the sale was to satisfy tax obligations arising from the vesting of the restricted shares.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-06 (timely).
• Sale: 11,739 shares disposed; weighted average price $56.53; proceeds $663,595.
• Sale execution detail (Footnote F2): shares were sold in 33 transactions at prices ranging from $56.39 to $56.885; the filer can provide per-price breakdown on request.
• Acquisition: 20,684 shares reported as a grant/award (Column 4 price $0.00) — represents vesting of restricted stock (Footnote F1).
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Administrative note: Power of Attorney dated August 30, 2022, is incorporated by reference in the filing.

Context

• This is a common, non-speculative pattern: restricted shares vested and some of those shares were sold to cover required tax withholding. Such tax-withholding sales are routine and do not necessarily indicate a change in the insider’s view of the company’s prospects.