Form 4: First Horizon Corp Executive David T. Popwell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David T. Popwell, President-Specialty Banking at First Horizon Corp, reports the withholding of shares to cover taxes associated with a performance stock unit award.
Summary
- On May 13, 2024, David T. Popwell, President-Specialty Banking at First Horizon Corp, reported changes in beneficial ownership of the company's common stock.
- A total of 18,839 shares were withheld at a price of $15.79 per share to cover withholding taxes related to a previously granted performance stock unit award, reducing his direct holdings to 651,320 shares.
- An additional 30,420 shares were withheld at the same price for the same reason, further reducing his direct holdings to 620,900 shares.
- Popwell also indirectly owns 3,053 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related stock withholding, a common practice.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard tax withholding procedures.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of the reported transactions (stock withholding for tax purposes). |
| 05/14/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.