Germain Peter J 4
Research Summary
AI-generated summary
Federated Hermes EVP Peter Germain Sells 5,000 Shares
What Happened
- Peter J. Germain, EVP, Chief Legal Officer & Secretary of Federated Hermes, sold 5,000 shares of FHI in an open-market transaction on May 15, 2026. The filing reports a weighted average sale price of $54.30 per share, for total proceeds of approximately $271,477. The shares were sold in four separate transactions at prices ranging from $54.2901 to $54.33.
Key Details
- Transaction date: 2026-05-15 (reported same day)
- Quantity and value: 5,000 shares sold for about $271,477 (weighted avg $54.30)
- Price range: $54.2901 to $54.33 across four trades (see footnote F1 for breakdown offer)
- Shares owned after transaction: Not disclosed in the provided excerpt of the filing
- Footnotes/remarks: F1 notes the reported price is a weighted average and the filer can provide the number of shares sold at each price on request; a Power of Attorney dated Aug 30, 2022 is incorporated by reference
- 10b5-1 / tax withholding / gift indicators: None disclosed in this filing
Context
- This was a sale by a company officer rather than a purchase; sales can reflect routine liquidity or diversification and are not, by themselves, a clear bullish signal. The transaction was executed as multiple open-market trades; no option exercise, grant, or gift is indicated in this report.