FEDERATED INVESTORS INC /PA/ insider transactions

What is a Form 4?

Animation: what a Form 4 is, shown with one real example. Sonic Automotive (SAH) reporting owner Paul P. Rusnak bought 13,701 shares at $59.78 on Wednesday, October 7, 2026, transaction code P, an open-market purchase (S is a sale and A is an award from the company). A timeline marks the SEC's two-business-day filing deadline, which ends Friday, October 9. The SEC accepted the Form 4 at 4:33:21 PM ET on October 9, and NexusTrade treats it as public one minute later, at 4:34:21 PM ET. A lamp for NexusTrade's InsiderTrades indicator stays off from the trade date until that moment, then counts one purchase worth 13,701 × $59.78 = $819,045.78. — In this example the shares were bought on Oct 7, 2026, and NexusTrade's InsiderTrades indicator can count the purchase starting at 4:34:21 PM ET on Oct 9, one minute after the SEC accepted the Form 4.

A Form 4 is the SEC filing a company insider, such as an officer, director or 10% owner, uses to report a trade in the company's stock, generally within two business days. The animation follows one real filing as an example: Paul P. Rusnak's purchase of Sonic Automotive (SAH) shares on October 7, 2026.

The same reading applies to every row on this page. The trade date is when the shares changed hands. The available date is when NexusTrade treats the filing as public, and a NexusTrade InsiderTrades indicator counts a purchase (code P) or sale (code S) only from that moment. Code A awards are not counted as purchases.

Read one actual disclosure before using it

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2026-08-22	2026-08-20	Germain Peter J	S	5,000	$63.17	Not reported

First displayed source row from Recent insider disclosures. The full bounded history and coverage notes remain below.

The displayed observation date is 2026-08-20 and its public availability date is 2026-08-22. Subtracting those calendar dates gives 2 days of disclosure lag. Historical public research can use the record from the availability date, rather than backdating knowledge to the observation date. The calendar-day difference does not assert an intraday publication time.

This row is code S: a sale. A purchase-following rule excludes this sale even if the reported dollar amount is large.

Open the linked original receipts to verify the row, then inspect a second record before drawing a pattern. This public filing observation supplies source evidence, not a completed copy-trading return.

SEC accession 0001193125-26-361254 ↗SEC accession 0001193125-26-335032 ↗SEC accession 0001193125-26-335032 ↗

Recent insider disclosures

This table includes purchases, sales and awards in the public filing record. Awards and open-market purchases are distinct transaction codes. For historical research, use the public availability date to determine when the transaction was knowable.

Read code P as a purchase, S as a sale and A as an award. An award is an acquisition, but it is not an open-market purchase. Open the filing receipt to check the transaction details.

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2026-08-22	2026-08-20	Germain Peter J	S	5,000	$63.17	Not reported
2026-08-06	2026-08-04	Nusseibeh Saker Anwar	S	630	$64.76	Not reported
2026-08-06	2026-08-04	Nusseibeh Saker Anwar	S	6,400	$64.19	Not reported

Most recent 90-day source activity, up to 50 rows. No rows means no matching recent records, not no historical activity.

Officers and directors in the directory

Inspect all 24 displayed rows: Officers and directors in the directory

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Jones Marie Milie	0001606377	1
DONAHUE J CHRISTOPHER	0000918972	362
FARRELL MICHAEL J	0001070059	67
Dudiak Dolores D	0001845664	9
FISHER JOHN B	0001061439	74
Bouda Brian P	0001302259	22
Burke Bryan M	0002124754	1
Ceresino Gordon J	0001456367	43
DONAHUE JOHN F	0000918971	52
DONAHUE THOMAS R	0001061438	382
Germain Peter J	0001482366	30
GETZ JAMES F	0001061434	36
KELLY DAVID M	0001191768	30
MALONEY EUGENE F	0001061444	57
MCAULEY DENIS III	0001137125	65
MCGONIGLE JOHN W	0001061432	236
MURDY JAMES L	0001070058	1
Novak Richard A	0001352542	41
Nusseibeh Saker Anwar	0001744486	30
OCONNOR EDWARD G	0001139231	21
Territ Thomas E	0001354977	46
Uhlman Paul A	0001676267	43
Van Meter Stephen	0001648530	40
Zierden Theodore W III	0002031165	3

Which transactions qualify for the company tracker

The company strategy uses verified officers and directors with qualifying acquisitions at this issuer. Other reporting owners may appear in source records without becoming strategy signals.

Strategy eligibility is held while filing coverage is unresolved.

Historical follower simulations are separate from these source transactions. They do not establish live trading results.