Form 4: First Horizon Corp Executive Restel Reports Stock Transactions

Anthony J. Restel, a President at First Horizon Corp, reports acquisition and disposal of company stock and performance stock units.

Summary

• On April 22, 2024, Anthony J. Restel, President-Regional Banking at First Horizon Corp, reported transactions involving the company's stock.
• Restel acquired 74,544 shares of common stock at $0, related to performance stock units granted in 2021.
• The Compensation Committee determined the performance level achieved on April 22, 2024.
• These units will vest on May 12, 2024, and will be settled with shares of common stock.
• Restel also reported disposing of 19,523 shares of common stock.
• Following these transactions, Restel directly owns 621,416 shares of common stock.
• Restel also has indirect ownership through an IRA and holdings by a child.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider activity.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to non-public information.

Stakeholder Impact

• The transactions could be of interest to shareholders as they provide insight into management's holdings and potential alignment with shareholder interests.

Key Dates