Form 4: First Horizon Corp Director Colin V. Reed Acquires Shares Through Restricted Stock Unit Grant

Director Colin V. Reed acquired 10,369 shares of First Horizon Corp common stock through a restricted stock unit grant.

Summary

• On May 6, 2025, Colin V. Reed, a director of First Horizon Corp, acquired 10,369 shares of common stock.
• The acquisition was a result of a grant of restricted stock units.
• These restricted stock units will vest on April 22, 2026.
• Following the transaction, Reed directly owns 216,271 shares of First Horizon Corp.
• Reed has granted power of attorney to Shannon M. Hernandez, Peter V. Letsou, Maygan Pokabla, and John A. Niemoeller to execute and file SEC forms on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing related to stock ownership changes. The acquisition of shares by a director is generally viewed as a positive sign, but it's not overwhelmingly positive.

Positives

• The acquisition of shares by a director could be seen as a positive signal to the market.

Future Outlook

The restricted stock units will vest on April 22, 2026.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company stock, providing transparency to investors.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis.
• Comparing the size and frequency of insider transactions at First Horizon Corp to those of its peers (e.g., Truist Financial, Bank of America) can provide insights into management's confidence and alignment with shareholder interests.
• For example, if other bank directors are also acquiring shares, it could signal a positive outlook for the banking sector.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, director, Colin V. Reed, First Horizon Corp, FHN, acquisition