Form 4: First Horizon Corp Executive Terry Lawson Akins Reports Acquisition and Disposal of Common Stock
SEC Form 4
Terry Lawson Akins, Sr. EVP, Chief Risk Officer of First Horizon Corp, reports acquisition of 54,429 shares and disposal of an unspecified amount of common stock on April 22, 2024.
Summary
- On April 22, 2024, Terry Lawson Akins, Sr. EVP, Chief Risk Officer of First Horizon Corp, reported transactions involving the company's common stock.
- Akins acquired 54,429 shares of common stock at $0.
- Akins also disposed of an unspecified amount of common stock.
- Following these transactions, Akins directly owns 209,391 shares and indirectly owns 1 share through a 401(k).
- The acquisition of shares is related to performance stock units granted in 2021, with the performance level determined by the Compensation Committee on April 22, 2024.
- These units will vest on May 12, 2024, and will be settled with shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it primarily reports transactions. The acquisition of shares due to performance units suggests positive performance, but the disposal of shares tempers the overall sentiment.
Positives
- The acquisition of shares indicates that performance targets were met, as determined by the Compensation Committee.
Negatives
- The disposal of an unspecified amount of common stock could be interpreted negatively, but without further context, it's difficult to assess the reason.
Future Outlook
The performance stock units will vest on May 12, 2024, and will be settled with shares of common stock.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as they provide insight into executive compensation and stock ownership.
- The vesting of performance stock units could motivate employees to achieve performance targets.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of stock acquisition and disposal, and Compensation Committee determination of performance level. |
| 04/24/2024 | Date of filing the Form 4. |
| 05/12/2024 | Vesting date of performance stock units. |
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