Form 4: First Horizon Corp: Director Jordan D Bryan Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Director Jordan D Bryan of First Horizon Corp reports disposals of common stock to cover withholding taxes related to a performance stock unit award.
Summary
- On May 13, 2024, Jordan D Bryan, Chairman, President & CEO and a director of First Horizon Corp, disposed of 66,059 and 102,310 shares of common stock at a price of $15.79.
- These transactions were due to mandatory withholding of shares to cover withholding taxes associated with a previously granted performance stock unit award.
- Following these transactions, Bryan directly owns 1,975,523 shares of First Horizon Corp common stock.
- Bryan also indirectly owns 1,000 shares through a child, 136,451.164 shares through a children's trust, and 5,107 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The filing is a standard disclosure of stock transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of stock disposal transactions |
| 05/14/2024 | Date of signature for the report |
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