Form 4: First Horizon Officer Granted 27,944 Restricted Stock Units

Anthony J. Restel, SEVP and Chief Banking Officer of First Horizon Corp, received a grant of 27,944 restricted stock units.

Summary

• Anthony J. Restel, the SEVP and Chief Banking Officer of FIRST HORIZON CORP (FHN), acquired 27,944 restricted stock units (RSUs).
• The transaction date for this acquisition was February 11, 2026.
• The RSUs were acquired at a price of $0 per unit, which is typical for an equity grant.
• These restricted stock units are scheduled to vest on March 2, 2029.
• Following this transaction, Mr. Restel directly owns 647,402 shares of Common Stock and 3,000 Depositary Shares.
• Indirect beneficial ownership includes 19,523 shares of Common Stock held in an IRA and 50 shares indirectly owned by a child.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as it signifies continued alignment of executive interests with shareholder value through long-term equity incentives, a standard and healthy corporate governance practice.

Positives

• The grant of restricted stock units aligns the executive's long-term financial interests with those of the shareholders, promoting sustained performance.
• This equity award serves as a retention incentive for a key executive, contributing to leadership stability.

Negatives

• There is a potential for minor future dilution of existing shares when the restricted stock units vest, although this is a standard aspect of executive compensation plans.

Future Outlook

The restricted stock units are scheduled to vest on March 2, 2029, indicating a future equity stake for the executive contingent on continued employment and potentially performance, reinforcing long-term commitment.

Industry Context

StockSavvy.ai notes that equity grants, such as restricted stock units, are a standard component of executive compensation packages across the financial services industry. These grants are designed to align the interests of executives with long-term shareholder value creation and are a common practice for retaining key talent.

Comparison to Industry Standards

• Executive equity grants are a standard practice in the banking sector, comparable to compensation structures at peers like Truist Financial (TFC) or Regions Financial (RF), which also utilize RSUs to incentivize leadership.
• The vesting period of approximately three years is typical for such grants, aiming to foster long-term commitment and performance.

Stakeholder Impact

• Shareholders: The grant aligns the executive's financial interests with long-term shareholder value, potentially leading to better performance. It also represents a minor future dilution upon vesting.
• Employees: May signal stability in executive leadership and a commitment to long-term incentives within the company.

Next Steps

• The restricted stock units will vest on March 2, 2029, at which point they will convert into common stock, subject to the terms of the grant.

Key Dates

Keywords

First Horizon Corp, FHN, Anthony J. Restel, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Equity Grant, SEC Form 4