Form 4: First Horizon CEO Gifts Over 400,000 Shares, Retains Significant Indirect Ownership

First Horizon Corp's Chairman, President & CEO, D Bryan Jordan, reported gifting 408,161 shares of common stock, while maintaining substantial direct and indirect beneficial ownership.

Summary

• D Bryan Jordan, Chairman, President & CEO of First Horizon Corp (FHN), reported changes in his beneficial ownership of common stock.
• On July 31, 2025, Mr. Jordan disposed of a total of 408,161 shares of common stock through gifts (transaction code 'G') at a price of $0 per share.
• The dispositions included 1,000 shares, 52,600 shares, and 354,561 shares.
• The 354,561 shares were transferred to his spouse as a gift, with Mr. Jordan remaining the indirect beneficial owner of these shares.
• Following these transactions, Mr. Jordan's direct beneficial ownership of common stock is 826,560 shares.
• His indirect beneficial ownership includes 1,000 shares by child, 354,561 shares by spouse, 142,212.164 shares through a Children's Trust, 5,288 shares in a 401(k) Plan, and 725,848 shares through a Family Trust.
• The total beneficial ownership (direct and indirect) after these transactions is 2,055,469.164 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The transaction is a gift, not a sale for cash, and the executive retains significant indirect ownership, mitigating any negative perception from the reduction in direct holdings. It's a personal financial decision rather than a statement on company performance.

Positives

• The transactions were gifts, not sales for cash, indicating a personal financial decision rather than a divestment for liquidity.
• Mr. Jordan retains significant indirect beneficial ownership, including the shares gifted to his spouse, maintaining alignment with shareholder interests.

Negatives

• A reduction in direct beneficial ownership by 408,161 shares.

Industry Context

This filing is a routine insider transaction report and does not directly relate to broader industry trends or competitive dynamics. It reflects a personal financial decision by a key executive.

Related Party Transactions

• Transfer of 354,561 shares of common stock as a gift to the reporting person's spouse.

Stakeholder Impact

• Shareholders may note the reduction in direct holdings by the CEO, but the retention of significant indirect ownership (including shares gifted to spouse) suggests continued alignment of interests.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

First Horizon Corp, FHN, Insider Transaction, Form 4, Beneficial Ownership, D Bryan Jordan, CEO, Share Gift