On May 22, the Chairman of Federated Hermes, Christopher Donahue, reportedly sold 125,000 shares of Federated Hermes (NYSE: FHI) for a total transaction amount of $4,574,047. The insider sell was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission.
At the time of writing, Federated Hermes shares were down 0.44% to $36.37.
While investors should not base their investing decisions solely on insider transactions, they can be a useful factor to consider. Insiders are any shareholders who own at least 10% of a company, including executives and large hedge funds. When insiders make new purchases, it can indicate that they expect the stock to rise. On the other hand, insider sells can be made for various reasons and may not necessarily indicate a bearish outlook.
Investors prefer to focus on transactions that take place in the open market, as indicated in Table I of the Form 4 filing. A “P” in Box 3 shows a purchase, an “S” shows a sale, “C” shows the conversion of an option, and “A” shows that the insider may have been required to sell shares to receive promised compensation upon being hired by the company.
To view the full list of Federated Hermes’s insider trades, visit the SEC website.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
