secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2022-01-07T23:59:59+00:00
Accession:  0001056288-22-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Federated Hermes amends stock incentive plan; increases authorized shares by 5.5M to 36.05M
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- Share authorization increased from 30,550,000 to 36,050,000 shares of Class B common stock, effective Jan 7, 2022.
- Plan amendments permit cash-based awards, employee benefit trust holdings, and delegation of authority.
- Approximately 1.1M shares expected to be exchanged for employee beneficial interests in subsidiary HFML in H1 2022.
- Class A shareholder (sole voting shareholder) approved amendments via unanimous written consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628822000002/0001056288-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628822000002/fhi-20220107.htm
  HTML page:      https://secwatch.observer/filing/0001056288-22-000002

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