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 vesting restricted stock units.

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 March 4, 2024, she disposed of 5,358 shares at $14.33 and 8,405 shares at $14.33 to cover withholding taxes associated with the vesting of restricted stock units.
• Following these transactions, LoCascio directly owns 281,026 shares of First Horizon Corp common stock.
• She also indirectly owns 265 shares through a spouse's 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 a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on their holdings. This filing indicates standard practice of covering tax obligations through stock disposals.

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 volume.

Key Dates