Jeremy D. Boughton
About Jeremy D. Boughton
Jeremy D. Boughton (born September 29, 1976) serves as Treasurer and Principal Financial Officer of Federated Hermes Premier Municipal Income Fund (FMN) and began serving in March 2024 . He is a Certified Public Accountant and holds senior finance and treasury roles across the Federated Hermes complex and related subsidiaries . As fund Treasurer/PFO, he provides Sarbanes‑Oxley certifications on FMN’s N‑CSR filings and signs as Principal Financial Officer . FMN’s proxy disclosures indicate fund officers do not receive compensation from the fund, and Form 3 shows Boughton reported zero common shares beneficially owned upon becoming a reporting officer, limiting direct pay‑for‑performance alignment and insider trading signals tied to FMN shares .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Federated Hermes, Inc. | Controller (Formerly) | Not disclosed | Finance leadership and external reporting oversight across the complex |
| Federated Securities Corp. | Financial and Operations Principal (Formerly) | Not disclosed | Broker-dealer financial/operational controls and compliance |
| Federated Investors Management Company | Senior Vice President and Assistant Treasurer (Formerly) | Not disclosed | Treasury operations and liquidity management for investment adviser |
| Federated Investors Trust Company | Treasurer (Formerly) | Not disclosed | Trust-level treasury and fiduciary financial oversight |
| Multiple Federated Hermes subsidiaries (incl. UK LLP) | Assistant Treasurer (Formerly) | Not disclosed | Multi-entity treasury processes, controls, and support |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Federated Administrative Services; Federated Administrative Services, Inc. | Senior Vice President | Not disclosed | Enterprise administrative and financial operations leadership |
| Federated Advisory Services Company; Federated Equity Management Co. of Pennsylvania | Senior Vice President | Not disclosed | Adviser-level finance and treasury coordination |
| Federated Global Investment Management Corp.; Federated Investment Counseling | Senior Vice President | Not disclosed | Global investment management finance and controls |
| Federated Investment Management Company; Federated MDTA LLC | Senior Vice President | Not disclosed | Investment management finance, operations, and risk support |
Fixed Compensation
Officers of FMN do not receive compensation from the fund. Compensation, if any, is paid by the affiliated adviser or parent and is not disclosed in FMN’s proxy materials.
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Base Salary | Not disclosed; fund officers receive no compensation from the fund | Not disclosed; fund officers receive no compensation from the fund |
| Target Bonus % | Not disclosed | Not disclosed |
| Actual Bonus Paid | Not disclosed | Not disclosed |
| Perquisites | Not disclosed | Not disclosed |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable for FMN officers | — | — | — | — | — |
Officers of the Federated Hermes Complex, including FMN, “do not receive any compensation from any fund,” implying no fund-level performance incentive payouts are disclosed .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership (common shares) | 0 shares as of Form 3 filed for event dated March 1, 2024 |
| Ownership as % of shares outstanding | Not disclosed by the fund; Form 3 shows zero holdings |
| Vested vs. unvested shares | None disclosed; no fund equity grants to officers |
| Options (exercisable/unexercisable) | None disclosed; no fund option grants to officers |
| Shares pledged as collateral | Not disclosed |
| Stock ownership guidelines (officer) | Not disclosed at the fund level |
| Compliance with guidelines | Not disclosed |
Employment Terms
| Term | Detail |
|---|---|
| Role and start date | Treasurer; began serving March 2024 |
| Principal Financial Officer designation | Treasurer – Principal Financial Officer; SOX 302/906 certifications on N‑CSR |
| Contract term/expiration | Not disclosed in fund documents |
| Severance; change‑of‑control | Not disclosed; fund reports “Recovery of Erroneously Awarded Compensation” not applicable, consistent with no fund-paid compensation |
| Non‑compete; non‑solicit; garden leave | Not disclosed |
| Clawback provisions | Not applicable at fund level per N‑CSR Item 18 |
| Post‑termination consulting | Not disclosed |
| Power of Attorney | Executed February 8, 2024 authorizing attorneys‑in‑fact to file Forms 3, 4, 5 on his behalf |
Investment Implications
- Pay-for-performance linkage to FMN is structurally limited: Fund officers do not receive compensation from FMN, and Boughton reported zero beneficial ownership, reducing direct alignment via fund-level equity incentives or insider trading signals .
- Insider selling pressure risk appears minimal: No fund equity awards or options are disclosed for officers, and Boughton’s Form 3 indicates no holdings at the time of becoming a reporting person .
- Governance and controls: As Treasurer/PFO, Boughton provides recurring SOX certifications and signs FMN reports, pointing to a role focused on disclosure controls and financial reporting quality rather than fund-level incentive outcomes .
- Data gaps: Compensation specifics (salary/bonus) and employment contract economics are not disclosed at the fund level; investors must look to Federated Hermes, Inc. disclosures for adviser-paid compensation to assess broader retention and incentives .