Form 4: First Horizon Executive Sells Shares to Cover Tax Obligations

David T. Popwell, SEVP at First Horizon Corp, sold 12,182 shares of common stock to cover withholding taxes related to a restricted stock unit vesting.

Summary

• David T. Popwell, a Senior Executive Vice President at First Horizon Corp, reported a transaction involving the company's common stock.
• On March 3, 2025, Popwell sold 12,182 shares at a price of $20.91 per share to cover withholding taxes associated with the vesting of a previously granted restricted stock unit award.
• Following the transaction, Popwell directly owns 533,602 shares of First Horizon Corp common stock.
• Popwell also indirectly owns 3,111 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations when restricted stock units vest. These transactions are closely monitored but are generally not indicative of the company's overall performance unless part of a larger pattern.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• The sale of shares to cover tax obligations upon vesting is a standard practice among executives at publicly traded companies.
• Comparable companies such as Truist, Regions Financial, and KeyCorp also see similar transactions from their executives.

Key Dates