Form 4: First Horizon COO Stock Transaction & Ownership Correction

Sentiment:

Insider Transaction Report 29 October 2025 4:36 PM

First Horizon's COO, Tammy LoCascio, reported a mandatory withholding of shares for tax purposes and a correction to previously understated beneficial ownership.

Summary

Tammy LoCascio, SEVP, Chief Operating Officer of First Horizon Corp (FHN), reported a transaction involving the company's common stock.
On October 27, 2025, 3,909 shares of common stock were mandatorily withheld at a price of $20.99 per share to cover withholding taxes related to the vesting of a previously granted restricted stock unit award.
Following this transaction, Ms. LoCascio directly beneficially owns 350,376 shares of common stock.
An administrative error from a May 24, 2023, Form 4 amendment, which had understated beneficial ownership by 3,428 shares, has been corrected, increasing the reported amount.
Additionally, 265 shares are indirectly beneficially owned through a Spouse IRA.

Sentiment

Score: 5

Explanation: The filing reports a routine tax-related stock transaction and an administrative correction to previous ownership figures. These events are neutral in terms of company performance or strategic direction.

Positives

Correction of a computational error from a previous filing (May 24, 2023), which had understated beneficial ownership by 3,428 shares, improves the accuracy of reported insider holdings.

Negatives

Mandatory withholding of 3,909 shares for tax purposes reduces the direct beneficial ownership of the SEVP, Chief Operating Officer.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures for executives of publicly traded companies, detailing changes in their beneficial ownership of company securities. This specific filing reflects a standard tax-related transaction and an administrative correction, which are common occurrences in executive compensation reporting.

Stakeholder Impact

Shareholders: Provides transparency regarding executive stock ownership changes, which is a standard regulatory requirement. The correction of a previous error improves data accuracy for investors.

Key Dates

Date	Description
2023-05-15	Original Form 4 filed, which contained the initial computational error.
2023-05-24	Amendment to Form 4 filed, which reported an administrative error but incorrectly computed the Column 5 amount.
2025-07-21	Date until which all subsequent Form 4s understated the Column 5 amount by 3,428 shares due to the error.
2025-10-27	Transaction date for the mandatory withholding of shares for tax purposes.
2025-10-29	Signature date of the reporting person's attorney-in-fact for this Form 4.

Recommendation

hold

This Form 4 filing details a routine mandatory withholding of shares for tax purposes and an administrative correction to previously reported beneficial ownership. Such events are common for executives and do not provide new fundamental information that would warrant a change in investment recommendation for First Horizon Corp. The filing does not indicate any significant positive or negative developments for the company's operations or financial health.

Keywords

FHN, First Horizon, Form 4, Insider Transaction, Stock Transaction, Executive Compensation, Tammy LoCascio, Beneficial Ownership

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