Form 4: First Horizon Corp Director Bryan Jordan Disposes of Shares to Cover Tax Obligations

Bryan Jordan, Chairman, President & CEO of First Horizon Corp, disposed of 36,924 shares of common stock to cover withholding taxes associated with the vesting of a restricted stock unit award.

Summary

• Bryan Jordan, Chairman, President & CEO of First Horizon Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 3, 2025, Jordan disposed of 36,924 shares of First Horizon common stock at a price of $20.91 per share.
• This transaction was a mandatory withholding of shares to cover withholding taxes associated with the vesting of a previously granted restricted stock unit award.
• Following the transaction, Jordan directly owns 1,923,645 shares of First Horizon common stock.
• Jordan also indirectly owns 1,000 shares through a child, 140,120.164 shares through a children's trust, and 5,204 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are withheld to cover tax obligations upon the vesting of restricted stock units.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates