Form 4: First Horizon Corp Director Acquires Shares Through Restricted Stock Grant

James Michael Kemp Sr., a director at First Horizon Corp, acquired 11,516 shares of common stock through a restricted stock unit grant on April 29, 2024.

Summary

• On April 29, 2024, James Michael Kemp Sr., a director of First Horizon Corp (FHN), acquired 11,516 shares of common stock.
• The acquisition was a grant of restricted stock units, with each unit representing one share of common stock.
• The restricted stock units will vest on April 22, 2025.
• Following the transaction, Kemp's direct ownership in First Horizon Corp common stock is 51,157 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction (grant of restricted stock) and doesn't necessarily indicate strong positive or negative sentiment.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.

Industry Context

Insider transactions are routinely monitored as indicators of management's perspective on the company's valuation and prospects. This transaction is a standard part of executive compensation.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates