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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023:
|  | Restricted Shares |  | Weighted- Average Grant- Date Fair Value
Non-vested at January 1, 2023 |  | 4,536,758 |  |  |  | $ | 29.54 |
Granted 1 |  | 876,296 |  |  |  | 34.20 |
Vested |  | (1,398,118) |  |  |  | 29.49 |
Forfeited |  | (128,442) |  |  |  | 29.66 |
Non-vested at December 31, 2023 |  | 3,886,494 |  |  |  | $ | 30.60 |
1 During 2023, Federated Hermes awarded 86,000 shares of restricted Class B common stock under the UK Sub-Plan that generally vest over a five-year period. Federated Hermes awarded 375,796 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, which was granted on the bonus payment date and issued out of treasury, generally vests over a three-year period. In addition, Federated Hermes awarded 414,500 shares of restricted Class B common stock under this same Plan that generally vest over a ten-year period.

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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