Summary: Thomas R. Donahue, vice president, chief financial officer and treasurer of Federated Hermes, Inc. (NYSE:FHI), reported a sale of 30,000 shares of Class B Common Stock on March 13, 2026, per an SEC Form 4 filing. The shares were sold at a weighted average price of $57.1029, producing proceeds of $1.71 million. The reported sale prices ranged from $57.00 to $57.47.
Details of the transaction
The SEC filing shows that Donahue executed the disposition of 30,000 Class B shares on March 13, 2026. The weighted average price for the transaction was $57.1029, resulting in a total transaction value of $1.71 million. The per-share prices recorded in the filing spanned $57.00 to $57.47.
Following the sale, Donahue is reported to directly own 591,492 shares of Federated Hermes Class B Common Stock.
Broader holdings
In addition to his direct holdings, the filing and related disclosures identify multiple indirect positions linked to Donahue. Those indirect holdings include:
- The Thomas R. and Frances L. Donahue Grantor Dynasty Trust: 19,199 shares
- MaxFund Partners, L.P.: 421,690 shares
- 401(k) Plan: 72 shares
- Spouse: 8,095 shares
- The Fran L. Donahue Grantor Trust: 27,544 shares
- The Thomas R. Donahue Grantor Trust: 37,544 shares
- Maxfund, Inc.: 2,000 shares
Valuation note
InvestingPro analysis cited in the filing materials indicates that Federated Hermes appears undervalued at current market levels. The cited metrics show a price-to-earnings ratio of 11.07 and a dividend yield of 2.4%.
Recent financial performance
Federated Hermes reported fourth-quarter 2025 results that exceeded analyst expectations. The company recorded diluted earnings per share of $1.39, compared with consensus of $1.21, representing a 14.88% surprise. Revenue for the quarter reached $482.83 million versus an anticipated $469.45 million, marking a 2.85% beat.
Legal proceedings
Separately, Federated Hermes is involved in legal action in the High Court of Justice, Business and Property Courts of England and Wales. Aberdeen City Council, on behalf of the North East Scotland Pension Fund, has filed a claim against Hermes GPE LLP and Hermes Infrastructure II GP LLP. The claims concern HGPE’s role as investment manager and the General Partner’s role with the Hermes Infrastructure Fund II. These proceedings were reported in the period following the company’s earnings announcement.
Contextual note
The SEC Form 4 filing provides a snapshot of executive-level trading activity and confirmed aggregated ownership across direct and indirect positions. The company’s reported quarterly results and the separate legal claim in the English courts were disclosed in the same reporting window.