Form 4: First Horizon Corp: Executive Sells Shares for Tax Withholding

Tanya L. Hart, SEVP & Chief Human Resources Officer at First Horizon Corp (FHN), reported the sale of company shares to cover tax obligations.

Summary

• Tanya L. Hart, SEVP & Chief Human Resources Officer of First Horizon Corp, engaged in transactions involving company common stock on May 12, 2026.
• These transactions involved the mandatory withholding of shares to cover tax liabilities associated with a performance stock unit award and a restricted stock unit award.
• Specifically, 4,907 shares were withheld for performance stock units at a price of $23.90, resulting in 62,258 shares beneficially owned.
• Additionally, 2,448 shares were withheld for restricted stock units at the same price, leaving 59,810 shares beneficially owned.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While it involves the disposal of shares, it is a routine tax-related event for executive compensation and not indicative of a change in the executive's confidence in the company's future.

Negatives

• The transactions represent a sale of shares, which could be perceived negatively by the market, although it is for tax withholding purposes.
• A total of 7,355 shares (4,907 + 2,448) were disposed of.

Risks

• Potential for negative market perception due to share disposal, even if for tax purposes.
• The underlying awards (performance stock units and restricted stock units) may have conditions that impact their value or vesting.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it pertains to past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The mandatory withholding of shares for tax purposes is a common practice when equity awards vest or are paid out, particularly for executives.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a standard tax-related transaction for an executive and not a sale driven by personal financial needs or lack of confidence.
• Employees: Indirect impact through the ongoing management of executive compensation plans.
• Management: Reflects the standard process for managing tax liabilities associated with equity awards.

Next Steps

• The reporting person will continue to hold the remaining beneficially owned shares.
• The company will continue to manage executive compensation plans.

Key Dates

Keywords

Form 4, SEC Filing, Insider Transaction, Stock Withholding, Tax Liability, First Horizon Corp, FHN, Executive Compensation, Performance Stock Units, Restricted Stock Units