Form 4: First Horizon Corp Executive Tammy LoCascio Reports Stock Award Vesting

Tammy LoCascio, SEVP and Chief Operating Officer of First Horizon Corp, reports the vesting of performance stock units and disposition of shares to spouse's IRA.

Summary

• Tammy LoCascio, a senior executive at First Horizon Corp, filed a Form 4 detailing changes in her beneficial ownership of company stock.
• On April 28, 2025, performance stock units granted in 2022 vested based on a performance level determined by the Compensation Committee.
• These units, totaling 55,302, will vest on May 12, 2025, and will be settled in shares of common stock.
• Additionally, LoCascio reported the disposition of 265 shares of common stock to a spouse's IRA.
• Following these transactions, LoCascio beneficially owns 377,209 shares of First Horizon Corp.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock vesting, which is neither overwhelmingly positive nor negative. It reflects standard executive compensation practices.

Future Outlook

The vested units will be settled with shares of common stock on May 12, 2025.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Related Party Transactions

• Disposition of 265 shares of common stock to a spouse's IRA.

Stakeholder Impact

• The vesting of stock units may have a minor dilutive effect on existing shareholders.
• The filing provides transparency to shareholders regarding executive compensation and ownership.

Next Steps

• The vested units will be settled with shares of common stock on May 12, 2025.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Vesting, Performance Stock Units, First Horizon Corp, FHN, LoCascio, Executive Compensation