Form 4: First Horizon Corp: Officer Akins Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Terry Lawson Akins, Sr. EVP and Chief Risk Officer of First Horizon Corp, reports disposals of common stock to cover withholding taxes related to vesting restricted stock units.
Summary
- On March 4, 2024, Terry Lawson Akins, a Sr. EVP and Chief Risk Officer at First Horizon Corp (FHN), disposed of 6,383 and 10,013 shares of common stock at a price of $14.33.
- 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, Akins directly owns 154,962 shares of First Horizon Corp common stock and indirectly owns shares through a 401(k).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing 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 publicly traded companies.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock disposal transactions. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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