FEDERATED HERMES, INC. — Director's Dealing 2020

Sep 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDERATED HERMES, INC. (FHI)
CIK: 0001056288
Period of Report: 2020-09-24

Reporting Person: DONAHUE THOMAS R (Director, VP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-24	Class B Common Stock	G	21375	$0.00	Disposed	690872	Direct
2020-09-25	Class B Common Stock	J	388	$0.00	Disposed	696188	Direct
2020-09-25	Class B Common Stock	J	1181	$0.00	Disposed	20086	Indirect
2020-09-25	Class B Common Stock	J	903	$0.00	Disposed	72306	Indirect
2020-09-25	Class B Common Stock	J	469	$0.00	Disposed	64579	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	154296	Indirect
Class B Common Stock	421690	Indirect
Class B Common Stock	72	Indirect
Class B Common Stock	7795	Indirect
Class B Common Stock	27544	Indirect
Class B Common Stock	37544	Indirect
Class B Common Stock	2000	Indirect

Footnotes

F1: The reporting person is not a controlling shareholder of AWOL, Inc. and does not have or share investment control over its portfolio securities. As such, the reporting person will no longer report an indirect interest in the shares of Federated Hermes, Inc. Class B Common Stock ("FHI") held by AWOL, Inc.

F2: On or around September 25, 2020, the reporting person contributed 388 shares of FHI to an entity in which the reporting person has a limited partnership interest (the "Contribution"). The reporting person did not receive any consideration for the Contribution and the Contribution did not involve any public sale of shares.

F3: On or around September 25, 2020, Comax Partners L.P. (d/b/a The Beechwood Company, L.P.) ("Comax") made two separate distributions of shares of FHI to all of its limited partners on a pro-rata basis (the "Distributions"). The Distributions did not involve any public sale of shares. As a result of the Distributions, the number of shares of FHI directly owned by the reporting person increased by a total of 5,704 shares (388 and 5,316 respectively).

F4: As a result of the Distributions described in Footnote 2, the number of shares of FHI owned by The Thomas R. and Frances L. Donahue Grantor Dynasty Trust (the "TR/FLD GD Trust"), in which the reporting person has an indirect interest, increased by a total of 17,362 shares (1,181 and 16,181 respectively). On or around September 25, 2020, the TR/FLD GD Trust contributed 1,181 shares of FHI to an entity in which the TR/FLD GD Trust has a limited partnership interest. The TR/FLD GD Trust did not receive any consideration for the contribution and the contribution did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the TR/FLD GD Trust except to the extent of his pecuniary interest therein.

F5: As a result of the Distributions described in Footnote 2, the number of shares of FHI owned by an immediate family member, in which the reporting person has an indirect interest, increased by a total of 13,272 shares (903 and 12,369 respectively). On or around September 25, 2020, the immediate family member contributed 903 shares of FHI to an entity in which the immediate family member has a limited partnership interest. The immediate family member did not receive any consideration for the contribution and the contribution did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the immediate family member except to the extent of his pecuniary interest therein.

F6: As a result of the Distributions described in Footnote 2, the number of shares of FHI owned by another immediate family member, in which the reporting person has an indirect interest, increased by a total of 6,901 shares (469 and 6,432 respectively). On or around September 25, 2020, the immediate family member contributed 469 shares of FHI to an entity in which the immediate family member has a limited partnership interest. The immediate family member did not receive any consideration for the contribution and the contribution did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the immediate family member except to the extent of his pecuniary interest therein.

F7: As a result of the Distributions described in Footnote 2, the number of shares of FHI in which the reporting person has an indirect interest due to his interest in Comax decreased by 123,805 shares. The reporting person disclaims beneficial ownership of the shares of FHI held by Comax except to the extent of his pecuniary interest therein.