Form 4: First Horizon Exec Sells Shares for Tax Withholding

First Horizon Corp. SEVP, Chief Communications Officer Elizabeth A. Ardoin reported a mandatory sale of 5,790 common shares to cover tax obligations from a restricted stock unit vesting.

Summary

• Elizabeth A. Ardoin, SEVP, Chief Communications Officer of First Horizon Corp. (FHN), reported a transaction involving company common stock.
• The transaction, dated March 2, 2026, involved the disposition of 5,790 shares of Common Stock.
• This disposition was a mandatory withholding of shares to pay withholding taxes associated with the vesting of a previously granted restricted stock unit award.
• The shares were disposed of at a price of $24.16 per share.
• Following this transaction, Elizabeth A. Ardoin directly owns 322,713 shares of Common Stock and indirectly owns 266 shares in a 401(K) plan.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, mandatory transaction for tax purposes related to executive compensation and does not reflect a discretionary sale or a change in company fundamentals.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that mandatory share withholdings for tax purposes upon RSU vesting are a common and routine event for executives in publicly traded companies across all industries, including the financial sector. This transaction does not indicate any specific industry trend or competitive action.

Stakeholder Impact

• Shareholders: Minimal to no direct impact as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.

Key Dates

Keywords

First Horizon Corp, FHN, Elizabeth A. Ardoin, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, RSU, Corporate Officer