Form 4: First Horizon Corp: Director Bryan Jordan Reports Changes in Beneficial Ownership

Bryan Jordan, Chairman, President & CEO of First Horizon Corp, reports changes in beneficial ownership due to mandatory withholding of shares for tax obligations.

Summary

• On March 4, 2024, Bryan Jordan, Chairman, President & CEO of First Horizon Corp, reported changes in beneficial ownership of common stock.
• These changes resulted from the mandatory withholding of shares to cover withholding taxes associated with the vesting of a previously granted restricted stock unit award.
• A total of 17,708 shares were disposed of at a price of $14.33, and 41,974 shares were disposed of at a price of $14.33.
• Following these transactions, Jordan directly owns 1,883,725 shares of common stock.
• Jordan also indirectly owns 1,000 shares through a child, 135,101.164 shares through a children's trust, and 5,063 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reflecting routine transactions related to tax obligations. It doesn't inherently convey 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 filing indicates the executive's transactions related to tax obligations from vested stock awards.

Stakeholder Impact

• The transactions reported have a minimal direct impact on stakeholders, as they relate to tax obligations of an executive.

Key Dates