Form 4: First Horizon Corp Executive Jeff L. Fleming Reports Stock Transactions
SEC Form 4 Filing
Jeff L. Fleming, EVP & Chief Accounting Officer of First Horizon Corp, reports disposition of shares to cover withholding taxes related to performance stock unit awards.
Summary
- On May 13, 2024, Jeff L. Fleming, EVP & Chief Accounting Officer of First Horizon Corp, reported the disposition of 3,686 and 4,470 shares of common stock at a price of $15.79.
- These transactions were due to mandatory withholding of shares to cover withholding taxes associated with the payment of a previously granted performance stock unit award.
- Following these transactions, Fleming directly owns 124,699 shares of First Horizon Corp common stock and indirectly owns 29,808 shares through a 401(k).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This is a routine transaction related to executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine transaction related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of stock transactions (disposition of shares). |
| 05/14/2024 | Date of signature by attorney-in-fact. |
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