Form 4: First Horizon Corp Executive Sells Shares to Cover Tax Obligations

A First Horizon Corp executive sold shares to cover tax obligations related to a vesting restricted stock unit award.

Summary

• Hope Dmuchowski, a Senior EVP & CFO at First Horizon Corp, sold 2,964 shares of common stock on December 5, 2024.
• The shares were sold at a price of $20.6 per share.
• This transaction was a result of mandatory withholding of shares to cover taxes associated with the vesting of a previously granted restricted stock unit award.
• Following the transaction, Dmuchowski directly owns 103,423 shares of First Horizon Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to withhold shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with vesting of stock awards.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

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

Key Dates

Keywords

First Horizon Corp, FHN, insider trading, stock sale, executive, Hope Dmuchowski, restricted stock units, tax withholding