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Federated Hermes’ Class B common stock is traded on the NYSE under the symbol FHI.
−Removed: Prior to February 3, 2020, Federated Hermes Class B common stock was trading under the ticker symbol FII.
−Removed: The approximate number of beneficial shareholders of Class A and Class B common stock as of February 11, 2022, was 1 and 22,021, respectively.
+Added: The approximate number of beneficial shareholders of Class A and Class B common stock as of January 27, 2023, was 1 and 27,091, respectively.
See Item 1A - Risk Factors - Specific Risk Factors - Risk Related to Federated Hermes’ Corporate Structure - Status as a Controlled Company for additional information on its Class A common stock.
−Removed: The following table summarizes stock repurchases under Federated Hermes' share repurchase program during the fourth quarter of 2021.
+Added: The following table summarizes stock repurchases under Federated Hermes’ share repurchase program during the fourth quarter 2022.
Purchased Average
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Total 327,132 $ 25.74 235,000 4,722,415
−Removed: 1 In April and December 2021, the board of directors authorized share repurchase programs with no stated expiration dates that allow the repurchase of up to 4.0 million and 7.5 million shares, respectively, of Class B common stock.
−Removed: The April 2021 program was fulfilled in December 2021.
+Added: 1 In December 2021, the board of directors authorized a share repurchase program with no stated expiration date that allowed the repurchase of up to 7.5 million shares of Class B common stock.
+Added: This program was fulfilled in September 2022.
+Added: In June 2022, the board of directors authorized a share repurchase program with no stated expiration date that allows the repurchase of up to 5.0 million shares of Class B common stock.
No other program existed as of December 31, 2022.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.