Form 4: First Horizon Corp Executive Popwell David T Reports Stock Disposals for Tax Obligations

David T. Popwell, President-Specialty Banking at First Horizon Corp, reports disposals of common stock to cover withholding taxes related to vesting restricted stock units.

Summary

• On March 4, 2024, David T. Popwell, President-Specialty Banking at First Horizon Corp, disposed of 8,023 shares of common stock at a price of $14.33.
• Additionally, on the same day, Popwell disposed of 12,480 shares of common stock, also at $14.33.
• These disposals were due to mandatory withholding of shares to cover withholding taxes associated with the vesting of a previously granted restricted stock unit award.
• Following these transactions, Popwell directly owns 592,854 shares of First Horizon Corp common stock and indirectly owns 3,026 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates