Form 4: Director Sital K. Mody Receives First Horizon Stock Grant

Director Sital K. Mody acquired 5,913 restricted stock units in First Horizon Corp as part of a standard equity compensation grant.

Summary

• Director Sital K. Mody was granted 5,913 restricted stock units (RSUs) of First Horizon Corp common stock.
• The transaction occurred on May 5, 2026.
• The shares were acquired at a price of $0 per share, representing an equity compensation award.
• Following this transaction, the director's total beneficial ownership of common stock increased to 9,273 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• The director's increased equity stake aligns their interests with those of shareholders.

Negatives

• None identified.

Risks

• The vesting of these restricted stock units is subject to future service requirements, specifically until April 22, 2027.

Future Outlook

The restricted stock units are scheduled to vest on April 22, 2027, subject to continued service.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices in the banking sector, intended to incentivize long-term oversight and alignment with shareholder value.

Comparison to Industry Standards

• The grant of restricted stock units to non-executive directors is consistent with standard compensation practices among regional U.S. banks such as Regions Financial or Huntington Bancshares.

Stakeholder Impact

• Shareholders benefit from the increased alignment of director interests with company performance.

Next Steps

• Vesting of the 5,913 restricted stock units on April 22, 2027.

Key Dates

Keywords

First Horizon Corp, FHN, Insider Trading, Form 4, Director Compensation, Equity Grant