secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0001056288-21-000028
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000028/0001056288-21-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000028/fhi-20211215.htm
  HTML page:      https://secwatch.observer/filing/0001056288-21-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer