Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Activity of Non-Vested Restricted Stock Awards

The following table summarizes activity of non-vested restricted stock awards for the year ended December 31, 2024: 

	Restricted Shares	Weighted- Average Grant- Date Fair Value
Non-vested at January 1, 2024	3,886,494		$	30.60
Granted1	921,107		37.87
Vested	(976,895)		31.40
Forfeited	(193,391)		30.67
Non-vested at December 31, 2024	3,637,315		$	32.21

1    During 2024, Federated Hermes awarded 93,500 shares of restricted Class B common stock under the UK Sub-Plan that generally vest over a five-year period. Federated Hermes awarded 378,107 shares of restricted Class B common stock in connection with a bonus program in which certain key employees received a portion of their bonus in the form of restricted stock under the Plan. This bonus restricted stock generally vests over a three-year period. In addition, Federated Hermes awarded 449,500 shares of restricted Class B common stock under this same Plan that generally vest over a ten-year period.