Form 4: First Horizon Corp Executive Tammy LoCascio Reports Stock Disposals for Tax Obligations

Tammy LoCascio, SEVP and Chief Operating Officer of First Horizon Corp, reported disposing of shares to cover tax obligations related to a performance stock unit award.

Summary

• Tammy LoCascio, a senior executive at First Horizon Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On May 13, 2024, she disposed of 5,566 and 20,487 shares of common stock at a price of $15.79.
• These disposals were due to mandatory withholding of shares to cover withholding taxes associated with a previously granted performance stock unit award.
• Following these transactions, LoCascio directly owns 307,035 shares of First Horizon Corp common stock and indirectly owns 265 shares through a Spouse IRA.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock, providing transparency to investors.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates