Federated Hermes authorizes new 7.5M share buyback; increases Plan shares by 5.5M

FEDERATED HERMES, INC.

Completed prior 4M share buyback program, repurchasing 2.6M shares from Oct 1 to Dec 15, 2021.
Board authorized new up to 7.5M share repurchase program with no expiration; shares held in treasury.
Stock Incentive Plan amended to increase authorized Class B shares by 5.5M to 36.05M total.
Intends to exchange ~1.4M shares for employee beneficial interests in HFML and trust interests in H1 2022.

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