Nusseibeh Saker Anwar 4
Research Summary
AI-generated summary
Federated Hermes CEO Nusseibeh Anwar Receives Award, Sells Shares
What Happened
- Nusseibeh Saker Anwar, CEO of Federated Hermes Limited, had 10,609 restricted shares vest (reported as an award/acquisition) and simultaneously sold 6,161 shares in an open market/private sale on March 5, 2026. The sale generated $348,101 at a weighted average price of $56.50 per share. The award acquisition was reported at $0.00 cost (restricted shares vesting).
Key Details
- Transaction dates: March 5, 2026 (both the award/vesting and the sale).
- Sale details: 6,161 shares sold for a total of $348,101; weighted average sale price $56.50. Sales occurred in 30 transactions at prices ranging $56.32–$56.82 (report includes a weighted-average price; full breakdown available on request per footnote).
- Award details: 10,609 restricted shares vested (reported as acquisition at $0.00).
- Purpose of sale: Footnote states the sales were to satisfy tax withholding obligations from the restricted share vesting.
- Shares owned after transaction: Not specified in this Form 4.
- Filing timeliness: Filed March 6, 2026 for transactions on March 5, 2026 — appears timely.
- Transaction codes: A = Award/Grant; S = Sale. Footnotes and a referenced Power of Attorney (dated Aug 31, 2022) are included.
Context
- This is a common post-vesting tax-withholding sale rather than an independent directional purchase or sale for investment purposes. Such sales are typically routine to cover tax liabilities and do not necessarily indicate a change in the insider’s view of the company.