Form 4: First Horizon Corp: Executive Stock Unit Vesting
Statement of Changes in Beneficial Ownership
Elizabeth Ardoin, SEVP Chief Communications Officer at First Horizon Corp, reports on the vesting of performance stock units.
Summary
- Elizabeth Ardoin, SEVP, Chief Communications Officer of First Horizon Corp (FHN), has reported a transaction related to her beneficial ownership of company stock.
- On April 27, 2026, performance stock units granted in 2023 were evaluated by the Compensation Committee, which determined the performance level achieved.
- These units are scheduled to vest on May 12, 2026, and will be settled with shares of common stock.
- Following this transaction, Ardoin's beneficial ownership of common stock is reported as 345,989 shares, with 266 shares held indirectly through a 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of executive stock unit vesting rather than a significant event impacting the company's financial performance or strategic direction.
Positives
- Confirmation of performance-based compensation achievement for a key executive.
- Scheduled vesting of stock units indicates a milestone in the executive's incentive plan.
- The executive's direct beneficial ownership of common stock remains substantial at 345,989 shares.
Future Outlook
Performance stock units granted in 2023 are set to vest on May 12, 2026, and will be settled with shares of common stock.
Industry Context
StockSavvy.ai notes that this Form 4 filing is standard for executive compensation disclosures, reflecting the typical use of performance stock units as a long-term incentive to align executive interests with shareholder value in the financial services industry.
Stakeholder Impact
- Shareholders: The vesting of stock units may lead to an increase in the number of outstanding shares if new shares are issued, or a transfer of existing shares, which is a standard part of executive compensation.
Next Steps
- Settlement of performance stock units with shares of common stock on May 12, 2026.
Key Dates
| Date | Description |
|---|---|
| 04/27/2026 | Date of earliest transaction; Compensation Committee determined performance level for stock units. |
| 05/12/2026 | Date performance stock units are scheduled to vest. |
| 04/29/2026 | Date of report signature. |
Keywords
Form 4, SEC Filing, Beneficial Ownership, Stock Units, Executive Compensation, First Horizon Corp, FHN, Vesting, Performance Stock Units, Compensation Committee
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