Form 4: First Horizon Corp: Executive Stock Unit Vesting

First Horizon Corp executive Anthony J. Restel's performance stock units from 2023 are set to vest on May 12, 2026, with settlement in common stock.

Summary

• Anthony J. Restel, SEVP and Chief Banking Officer at First Horizon Corp, is reporting changes in beneficial ownership.
• Performance stock units granted in 2023 have achieved a determined performance level as of April 27, 2026.
• These units are scheduled to vest on May 12, 2026, and will be settled in shares of First Horizon Corp common stock.
• Following these transactions, Restel will beneficially own 675,863 shares of common stock directly and 19,523 shares indirectly via an IRA, plus 3,000 Depositary Shares directly and 50 Depositary Shares indirectly through a child.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports on routine executive compensation events (stock unit vesting) rather than significant financial performance or strategic shifts.

Positives

• Achievement of performance targets for stock units, indicating successful performance metrics were met.
• Vesting of performance stock units, which typically signifies a positive outcome for the executive and aligns with company performance goals.

Future Outlook

Performance stock units granted in 2023 are scheduled to vest on May 12, 2026, and will be settled in shares of common stock.

Industry Context

StockSavvy.ai notes that this Form 4 filing details the vesting of performance stock units for a key executive at First Horizon Corp, a common practice in the banking sector to incentivize and reward executive performance tied to company financial goals.

Stakeholder Impact

• Shareholders: The vesting of stock units will result in the issuance of new shares, potentially diluting existing ownership slightly, but also reflects executive alignment with company performance.
• Employees: The successful achievement of performance metrics for executive stock units may indirectly signal positive company performance, potentially benefiting other employees through bonuses or stock options.
• Management: The vesting of these units represents a realization of executive compensation tied to performance.

Next Steps

• Settlement of performance stock units with shares of common stock on May 12, 2026.

Key Dates

Keywords

Form 4, SEC Filing, Beneficial Ownership, Stock Units, Vesting, Executive Compensation, First Horizon Corp, FHN, Performance Stock Units, Common Stock