Form 4: First Horizon Corp: Director Jordan D Bryan Reports Acquisition of Common Stock and Performance Stock Units Vesting
SEC Form 4 Filing
Director Jordan D Bryan reports the acquisition of common stock and vesting of performance stock units at First Horizon Corp.
Summary
- On April 28, 2025, Director Jordan D Bryan reported transactions related to First Horizon Corp (FHN) common stock.
- Bryan acquired 180,525 shares of common stock at $0, related to performance stock units granted in 2022.
- The Compensation Committee determined the performance level achieved on April 28, 2025.
- These units will vest on May 12, 2025, and will be settled with shares of common stock.
- Following the reported transactions, Bryan directly owns 1,378,457 shares of common stock.
- Bryan also indirectly owns shares through a child, children's trust, 401(k) plan, and family trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document primarily reports transactions related to stock ownership. The vesting of performance stock units is a positive sign, but it's a routine event.
Positives
- The vesting of performance stock units suggests that performance goals were met, which could be viewed positively.
Future Outlook
The document indicates the vesting of performance stock units, suggesting continued alignment of management incentives with company performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings to gain insights into management's confidence in the company's prospects.
Stakeholder Impact
- The vesting of performance stock units aligns management's interests with those of shareholders.
Next Steps
- The performance stock units will vest on May 12, 2025, and be settled with shares of common stock.
Key Dates
| Date | Description |
|---|---|
| 2022 | Performance stock units were granted. |
| 04/28/2025 | Compensation Committee determined the performance level achieved; acquisition of 180,525 shares. |
| 04/29/2025 | Date of signature by attorney-in-fact. |
| 05/12/2025 | Performance stock units will vest and be settled with shares of common stock. |
Keywords
Form 4, Beneficial Ownership, First Horizon Corp, FHN, Jordan D Bryan, Director, Performance Stock Units, Common Stock, Vesting
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