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Share-Based Compensation (Tables) | 12 Months Ended
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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 |
Granted 1 |  | 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.

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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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -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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