Form 4: First Horizon Corp Executive Anthony J. Restel Reports Share Transaction
SEC Form 4 Filing
Anthony J. Restel, SEVP and Chief Banking Officer of First Horizon Corp, reports a transaction involving the withholding of shares for tax obligations.
Summary
- On October 28, 2024, Anthony J. Restel, SEVP, Chief Banking Officer of First Horizon Corp, filed a Form 4.
- The form reports the withholding of 9,257 common stock shares at a price of $17.38 per share to cover withholding taxes related to the vesting of a previously granted restricted stock unit award.
- Following the transaction, Restel directly owns 577,421 shares of common stock.
- Restel also indirectly owns 19,523 shares of common stock through an IRA, 3,000 depositary shares directly, and 50 depositary shares indirectly through a child.
- A Power of Attorney was executed on August 15, 2024, granting authority to Shannon M. Hernandez, Peter V. Letsou, Maygan Pokabla, and John A. Niemoeller to act on Restel's behalf for SEC filings.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2024-08-15 | Date of Power of Attorney execution. |
| 2024-10-28 | Date of share transaction (withholding of shares). |
| 2024-10-30 | Date of signature on the Form 4 filing. |
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