Form 4: First Horizon Corp Executive Acquires Shares Following Performance Vesting

Elizabeth A. Ardoin, SEVP and Chief Communications Officer of First Horizon Corp, acquired 35,733 shares of common stock on April 28, 2025, following the vesting of performance stock units.

Summary

• Elizabeth A. Ardoin, SEVP and Chief Communications Officer of First Horizon Corp, reported a transaction on April 28, 2025.
• The transaction involved the acquisition of 35,733 shares of First Horizon Corp common stock.
• These shares were acquired as a result of performance stock units granted in 2022 that vested based on a performance level determined by the Compensation Committee.
• The units will vest on May 12, 2025, and will be settled with shares of common stock.
• Following the reported transaction, Ardoin directly owns 338,989 shares of common stock and indirectly owns 266 shares through a 401(k).
• The filing indicates that the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard executive stock transaction following the vesting of performance-based units. The acquisition suggests that performance targets were met, which is mildly positive.

Positives

• The vesting of performance stock units suggests that performance goals were met, which could be viewed positively.
• The executive's increased stake in the company aligns her interests with those of shareholders.

Industry Context

Executive stock ownership changes are common and are closely watched by investors as they can provide insights into management's confidence in the company's future prospects.

Stakeholder Impact

• The increased stake of a key executive could positively influence shareholder confidence.

Key Dates

Keywords

Form 4, Beneficial Ownership, Executive Compensation, Stock Acquisition, First Horizon Corp, FHN, Ardoin, Performance Stock Units