Form 4: First Horizon COO Exercises Options and Sells Shares

First Horizon Corporation's Chief Operating Officer, Tammy LoCascio, exercised stock options and subsequently sold a portion of the acquired common stock.

Summary

• Tammy LoCascio, SEVP, Chief Operating Officer of First Horizon Corp (FHN), exercised stock options on July 18, 2025, to acquire 3,686 shares of common stock at an exercise price of $15.43 per share.
• On the same date, LoCascio also exercised stock options to acquire an additional 8,806 shares of common stock at an exercise price of $15.90 per share.
• Following these acquisitions, LoCascio sold a total of 10,285 shares of common stock on July 18, 2025, through multiple transactions at prices ranging from $22.241 to $22.255 per share.
• After these reported transactions, Tammy LoCascio directly beneficially owns 342,051 shares of First Horizon Corp common stock and indirectly owns 265 shares through a Spouse IRA.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions involve both the exercise of stock options, indicating a realization of value from past compensation, and the sale of shares, which is a common practice for liquidity or diversification by executives.

Positives

• The exercise of stock options indicates a realization of value from past compensation, as the exercise prices ($15.43 and $15.90) are significantly lower than the sale prices (ranging from $22.241 to $22.255), indicating a profitable transaction for the insider.

Negatives

• The sale of 10,285 shares by a key executive, while common for liquidity, reduces the insider's direct equity stake in the company, which could be perceived as a slight reduction in alignment with shareholder interests.

Future Outlook

NA

Industry Context

Insider transactions, such as the exercise of stock options and subsequent sale of shares, are common occurrences across all industries, particularly within financial services, as part of executive compensation and personal financial planning. These transactions are often executed under pre-arranged 10b5-1 plans to manage liquidity and diversification.

Related Party Transactions

• The reported transactions are related-party transactions as they involve an executive officer of First Horizon Corp exercising stock options and selling company shares.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive could be interpreted as a slight reduction in insider alignment, though it is a common practice for liquidity and diversification and does not necessarily indicate a lack of confidence in the company's future.

Key Dates

Recommendation

Keywords

First Horizon Corp, FHN, SEC Form 4, Insider Trading, Stock Options, Executive Compensation, Share Sale, Tammy LoCascio, Chief Operating Officer, Financial Services