Paul A. Uhlman, serving as Vice President at Federated Hermes, Inc. (NYSE:FHI), executed a divestment of 6,145 shares of the company's Class B Common Stock on June 16, 2026. The transaction, which totaled $360,524, was facilitated to satisfy tax obligations arising from the vesting of restricted stock. The shares were disposed of in 23 separate transactions, with prices ranging from $58.55 to $58.80, resulting in a weighted average price of $58.6695 per share.
This sale occurs as Federated Hermes stock trades near its 52-week high of $59.05, having delivered a strong 43.6% return over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels, with the company earning a "GREAT" financial health score. Following this transaction, Mr. Uhlman directly holds 296,821 shares of Federated Hermes, Inc. Class B Common Stock.
In other recent news, Federated Hermes reported its Q1 2026 earnings, surpassing analysts' expectations. The company achieved an earnings per share (EPS) of $1.27, exceeding the forecasted $1.18, which marked a 7.63% surprise. Revenue for the quarter reached $478.96 million, slightly above the anticipated $475.57 million. Despite these positive results, the stock faced a decline in post-market trading, indicating investor concerns over specific financial metrics and future challenges.
Additionally, Federated Hermes announced a significant leadership change with Steve Chiavarone set to become Chief Investment Officer for Global Equities on September 1, 2026. He will succeed Steve Auth, who is retiring after a 26-year tenure with the firm. Chiavarone, currently serving as Deputy CIO for Global Equities, brings 21 years of investment experience to his new role. These developments reflect the company's ongoing strategic shifts and financial performance.