Form 4: Director Wendy P. Davidson Increases Stake in First Horizon
Statement of Changes in Beneficial Ownership
Director Wendy P. Davidson acquired 5,913 shares of First Horizon Corp common stock via a restricted stock unit grant.
Summary
- Director Wendy P. Davidson was granted 5,913 restricted stock units (RSUs) of First Horizon Corp (FHN).
- The transaction occurred on May 5, 2026.
- The shares were acquired at a price of $0 per share as part of a compensation grant.
- Following this transaction, the director's total beneficial ownership increased to 102,729 shares of common stock.
- The granted units are scheduled to vest on April 22, 2027.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine disclosure of director compensation that does not signal a change in company strategy or financial health.
Positives
- Director alignment with shareholder interests is strengthened through increased equity ownership.
- The grant reflects long-term commitment to the company, given the vesting period extending to 2027.
Negatives
- None identified; this is a standard equity compensation disclosure.
Risks
- None identified; this is a standard equity compensation disclosure.
Future Outlook
The restricted stock units are set to vest on April 22, 2027, indicating the director's continued tenure and alignment with the company's long-term performance.
Industry Context
StockSavvy.ai notes that director equity grants are standard corporate governance practices in the banking sector, intended to align board member incentives with long-term shareholder value creation.
Comparison to Industry Standards
- The grant of restricted stock units is consistent with standard executive and director compensation packages at regional banks like Regions Financial or Huntington Bancshares.
Stakeholder Impact
- Positive signal for shareholders as it demonstrates director commitment to the company's future.
Next Steps
- Vesting of the 5,913 restricted stock units on April 22, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/05/2026 | Date of the restricted stock unit grant transaction. |
| 05/06/2026 | Date the Form 4 was filed with the SEC. |
| 04/22/2027 | Vesting date for the granted restricted stock units. |
Keywords
First Horizon Corp, FHN, Insider Trading, Form 4, Director Compensation, Equity Grant
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