Van Meter Stephen 4

What Happened

• Stephen Van Meter, VP and Chief Compliance Officer at Federated Hermes (FHI), had two related transactions on 2026-03-05: he sold 448 shares in an open-market/private sale for a weighted average price of $56.50 (total proceeds $25,314) and acquired 1,448 shares in connection with a grant/vesting of restricted stock (reported at $0.00).
• The sale was used to satisfy tax withholding obligations arising from the vesting of the restricted shares (footnote F1). The reported sale price is a weighted average; shares were sold in six trades at prices ranging from $56.42 to $56.6422 (footnote F2).

Key Details

• Transaction date: March 5, 2026; filing date: March 6, 2026 (appears timely).
• Sale: 448 shares disposed, weighted average price $56.50, proceeds ~$25,314; sold in 6 trades at $56.42–$56.6422.
• Award: 1,448 restricted shares acquired/vested (reported price $0.00).
• Reason: Footnote F1 indicates the sale was to satisfy tax obligations from vesting (tax withholding), not an unrelated cash-sale signal.
• Additional: Footnote F2 offers per-share price breakdown on request; Power of Attorney dated Aug 31, 2022 is incorporated by reference.
• Shares owned after the transactions are not specified in the provided summary.

Context

• This is a routine tax-withholding sale tied to the vesting of restricted stock. Such transactions are common and do not necessarily indicate a change in the insider’s view of the company.
• The filing shows both the award (acquisition via vesting) and the related share sale to cover taxes — effectively a cashless-withholding action rather than a discretionary market-timing sale.