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 withholding taxes related to a performance stock unit award.

Summary

• Tammy LoCascio, a senior executive at First Horizon Corp, filed a Form 4 with the SEC detailing changes in her beneficial ownership of the company's stock.
• On May 12, 2025, she disposed of 6,797 shares and 21,762 shares of common stock at a price of $20.06 per share to cover withholding taxes associated with a previously granted performance stock unit award.
• Following these transactions, LoCascio directly owns 348,650 shares and indirectly owns 265 shares through a Spouse IRA.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects, although disposals for tax purposes are common and not necessarily indicative of a negative outlook.

Stakeholder Impact

• The stock disposal is unlikely to have a significant impact on stakeholders as it is related to tax obligations and represents a small portion of the executive's holdings.

Key Dates

Keywords

Form 4, SEC, First Horizon Corp, FHN, Tammy LoCascio, Stock Disposal, Beneficial Ownership, Performance Stock Unit, Withholding Taxes