Item 5. Market for Registrant’s Common Equity
ITEM 5 – MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Federated Hermes’ Class B common stock is traded on the NYSE under the symbol FHI.
The approximate number of beneficial shareholders of Class A and Class B common stock as of February 10, 2026, was 1 and 54,111, respectively. See Item 1A – Risk Factors – Specific Risk Factors – Risk Related to Federated Hermes’ Common Stock and Corporate Structure – Common Stock and Status as a Controlled Company for additional information on its Class A common stock.
The following table summarizes stock repurchases under Federated Hermes’ share repurchase programs during the fourth quarter 2025.
Total Number
of Shares
Purchased Average
Price Paid
Per Share Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs 1
Maximum Number of
Shares that May Yet
Be Purchased Under
the Plans or Programs 1
October 2
4,479 $ 2.55 0 6,144,315
November 2
616,572 48.70 612,693 5,531,622
December 2
945,850 51.42 935,000 4,596,622
Total 1,566,901 $ 50.21 1,547,693 4,596,622
1 In October 2024, the board of directors authorized a share repurchase program with no stated expiration date that allowed the repurchase of up to 5.0 million shares of Class B common stock. This program was fulfilled in December 2025. In July 2025, the board of directors authorized an additional 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, 2025. See Note (14) to the Consolidated Financial Statements for additional information.
2 In October, November and December 2025 , 4,479, 3,879 and 10,850 shares, respectively, of Class B common stock with a weighted-average price of $2.55, $0.00 and $2.40 per share, respectively, were repurchased as a result of employee-forfeited restricted stock.
See Item 12 – Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters for information on Federated Hermes’ securities authorized for issuance under equity compensation plans.
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Stock Performance Graph
The following performance graph compares the total shareholder return of an investment in Federated Hermes’ Class B common stock to that of the Standard and Poor’s MidCap 400 ® Index (S&P MidCap 400 Index) and to the S&P 1500 Asset Management & Custody Banks Index for the five-year period ended on December 31, 2025.
The graph assumes that the value of the investment in Federated Hermes’ Class B common stock and each index was $100 on December 31, 2020. Total return includes reinvestment of all dividends. As a member of the S&P MidCap 400 Index as of December 31, 2025, Federated Hermes is required to include this comparison. The historical information set forth below is not necessarily indicative of future performance. Federated Hermes does not make or endorse any predictions as to future stock performance.
12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Federated Hermes $ 134.68 $ 134.47 $ 129.34 $ 167.63 $ 218.68
S&P MidCap 400 Index
$ 124.76 $ 108.47 $ 126.29 $ 143.89 $ 154.68
S&P 1500 Asset Management & Custody Banks Index $ 134.82 $ 108.66 $ 124.38 $ 164.00 $ 174.28
ITEM 6 – [RESERVED]
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