Form 4: First Horizon Corp: Executive Sells Shares for Tax Withholding
Statement of Changes in Beneficial Ownership
Jordan D. Bryan, Chairman, President & CEO of First Horizon Corp, reported a transaction involving the withholding of shares to cover taxes on a performance stock unit award.
Summary
- Jordan D. Bryan, Chairman, President & CEO of First Horizon Corp, engaged in a transaction on May 12, 2026.
- This transaction involved the mandatory withholding of 46,272 shares of common stock.
- The withholding was to cover taxes associated with a previously granted performance stock unit award.
- Following this transaction, Mr. Bryan beneficially owns 999,502 shares directly.
- Additionally, he has indirect beneficial ownership of 354,561 shares by spouse, 145,129.164 shares in a Children's Trust, 5,382 shares in a 401(k) Plan, and 725,848 shares in a Family Trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing. It reports a standard insider transaction for tax withholding purposes, which does not inherently indicate a positive or negative outlook for the company's stock.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it pertains to a change in beneficial ownership due to tax withholding.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard for reporting insider transactions, including those related to executive compensation and tax obligations. This specific filing details a common practice of share withholding to satisfy tax liabilities upon vesting of performance awards, which is typical within the financial services industry.
Stakeholder Impact
- Shareholders: No direct impact on share count or company operations. The transaction is an internal adjustment for executive tax obligations.
- Employees: Indirectly, this reflects the compensation structure for senior management.
- Management: The transaction fulfills tax obligations related to performance stock units.
Key Dates
| Date | Description |
|---|---|
| 05/12/2026 | Earliest transaction date and date of transaction for withholding of shares. |
| 05/14/2026 | Date of signature for the filing. |
Keywords
Form 4, SEC Filing, Insider Transaction, Stock Withholding, Tax Payment, Performance Stock Units, First Horizon Corp, FHN, Executive Compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.