Form 4: First Horizon Corp Executive Tammy LoCascio Acquires Shares Following Performance Vesting

Tammy LoCascio, SEVP and Chief Operating Officer of First Horizon Corp, acquired 52,062 shares of common stock on April 22, 2024, following the vesting of performance stock units.

Summary

• On April 22, 2024, Tammy LoCascio, SEVP and Chief Operating Officer of First Horizon Corp, acquired 52,062 shares of common stock.
• The acquisition resulted from the vesting of performance stock units granted in 2021.
• The Compensation Committee determined the performance level achieved on April 22, 2024.
• The units will vest on May 12, 2024, and will be settled with shares of common stock.
• Following the transaction, LoCascio directly owns 333,088 shares of First Horizon Corp common stock.
• LoCascio also indirectly owns 265 shares through a Spouse IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine filing related to executive compensation and vesting of previously granted stock units. It doesn't inherently indicate positive or negative news about the company's performance.

Positives

• The vesting of performance stock units indicates that certain performance goals were met, which could be viewed positively.

Future Outlook

The report indicates the vesting of performance stock units and settlement in common stock on May 12, 2024.

Industry Context

Executive stock ownership changes are routinely monitored by investors as they can provide insights into management's confidence in the company's future prospects. Vesting of performance-based equity is tied to the achievement of specific company goals.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if the vesting is seen as an indication of the company meeting its performance goals.

Next Steps

• The performance stock units will vest on May 12, 2024, and be settled with shares of common stock.

Key Dates