Form 4: First Horizon Corp Executive Thomas Hung Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Thomas Hung, a Senior EVP & Chief Credit Officer at First Horizon Corp, reported disposing of shares to cover withholding taxes related to vesting restricted stock units.
Summary
- On May 12, 2025, Thomas Hung, a Senior EVP & Chief Credit Officer at First Horizon Corp (FHN), disposed of 339 shares of common stock at a price of $20.06.
- Additionally, Hung disposed of 408 shares of common stock, also at $20.06 per share, on the same day.
- These transactions were due to mandatory withholding of shares to cover withholding taxes associated with the vesting of restricted stock units previously granted.
- Following these transactions, Hung beneficially owns 53,672 shares of First Horizon Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in the financial services industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Date of stock disposal transactions. |
| 05/13/2025 | Date of signature by attorney-in-fact. |
Keywords
Form 4, First Horizon Corp, Thomas Hung, Stock Disposal, Restricted Stock Units, Withholding Taxes, FHN, Executive Compensation
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