Form 4: First Horizon Corp: Sr EVP Susan L. Springfield Reports Stock Award Vesting

Susan L. Springfield, Sr EVP & Chief Credit Officer of First Horizon Corp, reports the vesting of performance stock units and subsequent settlement in shares of common stock.

Summary

• Susan L. Springfield, a Senior EVP & Chief Credit Officer at First Horizon Corp, filed a Form 4.
• On April 22, 2024, performance stock units granted in 2021 vested based on the Compensation Committee's determination of the performance level achieved.
• These units, totaling 54,429, will vest on May 12, 2024, and will be settled with shares of common stock.
• Additionally, Springfield indirectly owns 6,235 shares of common stock through a 401(k).
• Following the reported transaction, Springfield beneficially owns 372,602 shares directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock vesting, neither particularly positive nor negative.

Positives

• The vesting of performance stock units indicates that performance goals were met, which could be viewed positively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The vesting of stock units could have a minor positive impact on shareholder sentiment if it's viewed as a reward for good performance.

Key Dates