Form 4: First Horizon Corp Executive Reports Stock Transactions

David T. Popwell, President-Specialty Banking at First Horizon Corp, reports acquisition and disposal of common stock and performance stock units.

Summary

• David T. Popwell, an officer at First Horizon Corp, filed a Form 4 detailing changes in beneficial ownership.
• On April 22, 2024, Popwell acquired 77,305 shares of common stock at $0, related to performance stock units granted in 2021.
• The Compensation Committee determined the performance level achieved on this date.
• These units will vest on May 12, 2024, and will be settled with shares of common stock.
• Popwell also disposed of 3,050 shares held indirectly through a 401(k).
• Following these transactions, Popwell beneficially owns 670,159 shares of First Horizon Corp common stock directly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

The performance stock units will vest on May 12, 2024, and will be settled with shares of common stock.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
• The vesting of performance stock units aligns executive interests with shareholder value.

Next Steps

• Vesting of performance stock units on May 12, 2024.
• Settlement of vested units with shares of common stock.

Key Dates