Form 4: Director Sital Mody Receives FHN Restricted Stock Grant

First Horizon Corp. Director Sital K. Mody was granted 3,360 restricted stock units, vesting in November 2026.

Summary

• Sital K. Mody, a Director of First Horizon Corp. (FHN), was granted 3,360 shares of common stock in the form of restricted stock units (RSUs).
• The transaction date for this grant was November 3, 2025.
• The RSUs were acquired at a price of $0 per unit, which is typical for equity grants.
• Following this transaction, Sital K. Mody beneficially owns 3,360 shares directly.
• These restricted stock units are scheduled to vest on November 3, 2026.

Sentiment

Score: 7

Explanation: The filing reports a routine equity grant to a director, which is a positive for aligning management interests with shareholders. It does not indicate any negative operational or financial news for the company.

Positives

• The grant of restricted stock units aligns the director's financial interests with those of the shareholders, promoting long-term value creation.
• Equity compensation is a non-cash expense for the company at the time of grant, preserving cash flow.

Negatives

• The shares do not vest immediately, meaning the director does not have full ownership or liquidity until November 3, 2026.
• The value of the compensation is subject to the future market price of First Horizon Corp. common stock.

Risks

• The value of the restricted stock units at vesting is dependent on the market price of First Horizon Corp. common stock on November 3, 2026, which could be lower than the current price.
• There is a risk of forfeiture if the vesting conditions (e.g., continued service) are not met before November 3, 2026.

Future Outlook

The restricted stock units granted to Director Sital K. Mody are scheduled to vest on November 3, 2026, at which point they will convert into fully owned shares of First Horizon Corp. common stock.

Industry Context

The grant of restricted stock units to a director is a common and standard practice in corporate governance across various industries, serving as a form of long-term incentive compensation to align leadership interests with shareholder value.

Comparison to Industry Standards

• This equity grant to a director is consistent with typical compensation structures observed in publicly traded companies within the financial services sector, such as Truist Financial Corporation (TFC) or Regions Financial Corporation (RF), which frequently utilize restricted stock or performance share units for executive and director compensation.
• The use of RSUs with a vesting period is a standard mechanism to encourage long-term commitment and performance, similar to practices at major banks like JPMorgan Chase (JPM) or Bank of America (BAC) for their non-employee directors.

Related Party Transactions

• The grant of restricted stock units to Sital K. Mody, a Director of First Horizon Corp., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant aligns the director's long-term interests with shareholder value, potentially leading to more focused decision-making for sustained growth.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The restricted stock units will vest on November 3, 2026, converting into shares of First Horizon Corp. common stock.

Key Dates

Recommendation

This Form 4 filing reports a routine equity grant to a director, which is a standard compensation practice. It does not provide new fundamental information or significant operational updates that would warrant a change in investment recommendation based solely on this disclosure.

Keywords

First Horizon Corp, FHN, Sital K Mody, Form 4, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Grant