Form 4: First Horizon Officer Exercises Options, Sells Shares

First Horizon Corp's Chief Banking Officer, Anthony J. Restel, exercised stock options and subsequently sold a portion of the acquired shares for a profit.

Summary

• Anthony J. Restel, SEVP, Chief Banking Officer of First Horizon Corp, executed multiple transactions on January 29, 2026, involving the company's common stock.
• Exercised stock options to acquire a total of 8,182 shares of common stock at an exercise price of $16.01 per share.
• Subsequently sold a total of 5,719 shares of common stock at average prices of $24.345 and $24.35 per share.
• Following these reported transactions, direct beneficial ownership of common stock stands at 619,458 shares.
• Indirect beneficial ownership includes 19,523 shares held in an IRA and 50 shares held indirectly by a child.
• The transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While there was insider selling, it was preceded by option exercises at a lower price, indicating a profitable realization of compensation. The net beneficial ownership from these specific transactions increased, and the sale was likely part of a pre-planned strategy.

Positives

• The officer exercised options at $16.01 and sold shares at approximately $24.35, indicating a profitable transaction for the insider.
• The net effect of the reported transactions (8,182 shares acquired via option exercise versus 5,719 shares sold) resulted in a net increase of 2,463 shares in direct beneficial ownership from these specific activities.

Negatives

• The sale of 5,719 shares by a senior executive, even if part of a pre-planned Rule 10b5-1 plan, could be interpreted as a slight negative signal regarding the executive's personal outlook on the stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales, are closely watched by the market as they can sometimes signal management's perception of future company performance or valuation, though often they are for personal financial planning and executed under pre-arranged plans.

Related Party Transactions

• Anthony J. Restel, SEVP, Chief Banking Officer, exercised stock options granted by First Horizon Corp and subsequently sold shares of the company's common stock. These are transactions between an insider and the company/market.

Stakeholder Impact

• Shareholders: The sale of shares by a senior executive, even if for profit and pre-planned, can sometimes be perceived negatively by investors, though the net increase in direct holdings from these specific transactions mitigates this.

Key Dates

Recommendation

While the insider sold shares, the transaction appears to be a routine exercise of options and subsequent sale for liquidity or diversification, likely under a 10b5-1 plan. The net beneficial ownership from these specific transactions increased. This filing alone does not provide sufficient information to warrant a strong buy or sell recommendation, suggesting a 'hold' position as other fundamental factors would be more influential.

Keywords

First Horizon Corp, FHN, Insider Trading, Form 4, Stock Options, Share Sale, Executive Compensation, Anthony J. Restel, Chief Banking Officer, Rule 10b5-1