Form 4: First Horizon Corp Executive Restel Anthony J Reports Share Transaction

Anthony J Restel, a President at First Horizon Corp, reports the disposition of shares to cover withholding taxes related to a performance stock unit award.

Summary

• On May 13, 2024, Anthony J Restel, President-Regional Banking at First Horizon Corp, reported a transaction involving the company's common stock.
• Restel disposed of 34,738 shares at a price of $15.79 per share to cover withholding taxes associated with a previously granted performance stock unit award.
• Following the transaction, Restel directly owns 586,678 shares of First Horizon Corp common stock.
• Restel also indirectly owns 19,523 shares through an IRA, 3,000 Depositary Shares directly, and 50 Depositary Shares indirectly through a child.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction related to tax obligations from a previous stock award. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock transactions are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's value and future prospects. This transaction appears to be related to tax obligations from a previous stock award.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine transaction to cover tax obligations.

Key Dates