Form 4: First Horizon Executive Sells Shares Under 10b5-1 Plan

First Horizon Corp's SEVP Sr Strategic Executive, David T. Popwell, sold 100,000 shares of common stock for approximately $2.25 million under a pre-arranged 10b5-1 trading plan.

Summary

• David T. Popwell, SEVP Sr Strategic Executive and Director of First Horizon Corp (FHN), reported the sale of 100,000 shares of common stock.
• The transaction occurred on August 22, 2025, and was executed under a Rule 10b5-1(c) pre-arranged trading plan.
• The shares were sold at a weighted average price of $22.4952 per share, with prices ranging from $22.435 to $22.545.
• Following the sale, Mr. Popwell directly beneficially owns 462,581 shares of common stock and indirectly owns 3,159 shares through a 401(k) plan.
• The reported amount of shares beneficially owned was increased by 12,570 to correct a computational error from previous Form 4 filings between May 24, 2023, and July 23, 2025.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the transaction being executed under a 10b5-1 plan, which indicates a pre-planned, transparent sale rather than an opportunistic one. The correction of a past computational error is a minor administrative issue that has been rectified.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged sale not based on recent non-public information, which enhances transparency and reduces the perception of opportunistic insider trading.

Negatives

• A computational error in previous Form 4 filings (from May 24, 2023, through July 23, 2025) led to an understatement of beneficially owned shares by 12,570, though this has now been corrected.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

Insider stock sales, particularly those executed under Rule 10b5-1 plans, are a common occurrence in the financial industry as executives manage personal finances, diversify portfolios, or exercise stock options. This transaction does not indicate any specific industry-wide trends or competitive shifts.

Stakeholder Impact

• Shareholders: May view the insider sale as a routine personal financial management decision, especially given the 10b5-1 plan. The correction of past reporting errors improves data accuracy for investors.

Key Dates

Recommendation

The filing reports a routine, pre-planned insider stock sale by an executive under a 10b5-1 plan. This type of transaction, while notable, typically does not provide sufficient new information to warrant a change in investment recommendation for First Horizon Corp. It is likely for personal liquidity or diversification purposes. Investors should continue to monitor the company's fundamental performance and broader market conditions.

Keywords

First Horizon Corp, FHN, Insider Sale, Form 4, David T. Popwell, Executive Stock Sale, 10b5-1 Plan, Common Stock