Form 4: First Horizon Officer's Routine Tax-Related Stock Sale

First Horizon's SEVP, Chief Banking Officer, Anthony J. Restel, disposed of 10,332 shares of common stock for tax withholding purposes following a restricted stock unit vesting.

Summary

• Anthony J. Restel, SEVP, Chief Banking Officer of First Horizon Corp, reported a transaction on March 2, 2026.
• The transaction involved the disposition of 10,332 shares of common stock at a price of $24.16 per share.
• This disposition was a mandatory withholding of shares to cover taxes associated with the vesting of a previously granted restricted stock unit award.
• Following this transaction, Mr. Restel directly beneficially owns 637,070 shares of common stock.
• Indirect beneficial ownership includes 19,523 shares of common stock in an IRA, 3,000 direct depositary shares, and 50 indirect depositary shares held by a child.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive event, as it confirms the vesting of executive compensation, indicating performance milestones were met. The disposition itself is a neutral, administrative action.

Positives

• The transaction indicates the vesting of a restricted stock unit award, which is a positive event for the executive, reflecting compensation earned.

Negatives

• No direct negatives are associated with this routine, non-discretionary tax-related stock disposition.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as tax-related dispositions following RSU vesting, are common across the financial services industry. These transactions typically do not reflect a change in management's outlook on the company's prospects but rather a standard part of executive compensation and tax planning.

Stakeholder Impact

• Shareholders: The transaction is a routine, non-discretionary event and is unlikely to have a significant direct impact on shareholders. It reflects standard executive compensation practices.
• Employees: The vesting of restricted stock units is a common form of executive compensation, which can be a positive signal regarding employee retention and motivation at the executive level.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary tax-related sale of shares by an executive following the vesting of restricted stock units. It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transaction is an expected part of executive compensation and tax planning, thus a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

First Horizon Corp, FHN, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Executive Compensation, Beneficial Ownership