Form 4: First Horizon Corp Executive Acquires Shares and Restricted Stock Units

Anthony J. Restel, SEVP and Chief Banking Officer of First Horizon Corp, reports acquisition of common stock and restricted stock units.

Summary

• Anthony J. Restel, SEVP, Chief Banking Officer of First Horizon Corp, filed a Form 4.
• The filing reports a transaction on February 11, 2025.
• Restel acquired 30,093 shares of common stock at $0.
• These shares were acquired through a grant of restricted stock units which will vest on March 2, 2028.
• Following the transaction, Restel directly owns 607,514 shares of common stock.
• Restel also indirectly owns 19,523 shares through an IRA, 3,000 depositary shares directly, and 50 depositary shares indirectly through a child.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions by an executive. The acquisition of shares could be seen as mildly positive, but it's not a major event.

Positives

• The acquisition of shares by a high-ranking executive could be interpreted as a positive signal about the executive's confidence in the company's future prospects.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting of restricted stock units on March 2, 2028, suggests a long-term commitment from the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a high-ranking executive at First Horizon Corp.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a high-ranking executive.

Key Dates

Keywords

Form 4, First Horizon Corp, Restel, Executive, Stock, Restricted Stock Units, Beneficial Ownership, FHN