Germain Peter J 4
Research Summary
AI-generated summary
Federated Hermes (FHI) EVP Peter J. Germain Sells 409 Shares
What Happened
Peter J. Germain, EVP, Chief Legal Officer & Secretary of Federated Hermes (FHI), sold 409 shares in an open-market/private sale on 2026-05-26 at $55.31 per share, for total proceeds of $22,622. The filing notes the sale was to satisfy tax obligations arising from the vesting of restricted stock.
Key Details
- Transaction date and price: 2026-05-26 — 409 shares sold at $55.31 each.
- Proceeds: $22,622 (gross).
- Shares owned after transaction: not specified in this Form 4 filing.
- Footnote: sale executed to satisfy tax withholding related to vesting of restricted shares (Footnote F1).
- Filing timeliness: Period of report and filing date are 2026-05-26 — no late filing indicated.
- Remarks: Power of Attorney dated August 30, 2022, is incorporated by reference.
Context
This was a sale to cover taxes on vested restricted stock, a common administrative transaction that does not necessarily indicate the insider’s view on the company’s outlook. Sales to satisfy tax withholding are routine and generally less informative than open-market purchases, which can signal insider confidence.