Anwar Saker Nusseibeh, CEO at Federated Hermes (NYSE:FHI), reported a large insider sell on September 6, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Nusseibeh sold 7,800 shares of Federated Hermes. The total transaction amounted to $270,904.
Federated Hermes shares are trading down 1.82% at $34.22 at the time of this writing on Thursday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to ...