Form 4: First Horizon Director Vicki R. Palmer Reports Acquisition of Restricted Stock Units

Director Vicki R. Palmer reports acquisition of 7,794 restricted stock units in First Horizon Corp.

Summary

• Vicki R. Palmer, a director of First Horizon Corp, filed a Form 4 on May 7, 2025, reporting a transaction on May 6, 2025.
• The transaction involved the acquisition of 7,794 shares of common stock through the grant of restricted stock units.
• These restricted stock units were granted at a price of $0 and will vest on April 22, 2026.
• Following the reported transaction, Palmer beneficially owns 112,858 shares of First Horizon Corp.
• Palmer has also granted power of attorney to Shannon M. Hernandez, Peter V. Letsou, Maygan Pokabla, and John A. Niemoeller to execute and file Forms 3, 4, and 5 on her behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects routine insider transactions.

Positives

• The acquisition of restricted stock units could align the director's interests with the long-term performance of the company.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive, which is relevant to investors monitoring insider activity.

Comparison to Industry Standards

• Comparing Vicki Palmer's holdings and transactions to those of other directors in similar-sized financial institutions could provide insights into her level of investment in First Horizon relative to her peers.
• Analyzing the vesting schedule of her restricted stock units against industry norms can reveal whether First Horizon's compensation practices are competitive.
• Benchmarking First Horizon's insider trading policies against those of companies like Truist, Regions Financial, and Fifth Third Bancorp can highlight potential areas of strength or weakness in corporate governance.

Stakeholder Impact

• Shareholders may be interested in the director's increased stake in the company, as it could signal confidence in the company's future prospects.

Key Dates

Keywords

Form 4, First Horizon Corp, Director, Vicki R. Palmer, Restricted Stock Units, Beneficial Ownership, Power of Attorney, FHN