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

Anthony J. Restel, SEVP and Chief Banking Officer of First Horizon Corp, reports acquisition of shares following the vesting of performance stock units.

Summary

• On April 28, 2025, Anthony J. Restel, SEVP, Chief Banking Officer of First Horizon Corp, acquired 59,556 shares of common stock due to the vesting of performance stock units.
• The Compensation Committee determined the performance level achieved on this date.
• These units, granted in 2022, will vest on May 12, 2025, and will be settled with shares of common stock.
• Following the transaction, Restel directly owns 653,031 shares of common stock and indirectly owns 19,523 shares through an IRA.
• He also owns 3,000 depositary shares directly and 50 depositary shares indirectly through a child.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to executive compensation. The vesting of performance stock units suggests that performance targets were met, which is mildly positive.

Positives

• The vesting of performance stock units indicates that certain performance goals were likely met, which could be viewed positively.

Future Outlook

The performance stock units will vest on May 12, 2025, and will be settled with shares of common stock.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders trade in their company's stock. This filing indicates a vesting event, which is a common form of executive compensation.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence if the vesting is seen as an indicator of the company meeting its performance goals.

Key Dates

Keywords

Form 4, First Horizon Corp, FHN, Anthony J. Restel, SEVP, Chief Banking Officer, Beneficial Ownership, Performance Stock Units, Vesting, Common Stock, Depositary Shares