Form 4: Fleming Sells First Horizon Shares for Tax Withholding

Jeff L. Fleming, EVP & Chief Accounting Officer of First Horizon Corp, reported a disposition of common stock to cover tax withholding obligations.

Summary

• Jeff L. Fleming, an officer of First Horizon Corp, reported the disposition of 980 shares of common stock on May 12, 2026, at a price of $23.9 per share.
• An additional 737 shares of common stock were also disposed of on the same date at $23.9 per share.
• These transactions were due to the mandatory withholding of shares to cover taxes associated with the vesting of previously granted restricted stock unit awards.
• Following these transactions, Fleming beneficially owns 132,398 shares directly and 31,409 shares indirectly through a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the stock disposition is a standard procedure for tax withholding related to executive compensation and not indicative of a change in the executive's confidence in the company's future.

Negatives

• Disposition of company stock by a key executive, although explained as a tax withholding event, can sometimes be perceived negatively by the market.

Risks

• The primary risk is the potential for negative market perception of insider stock sales, even if for tax purposes.
• Future vesting of restricted stock units could lead to further share dispositions if tax obligations remain significant.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine for executives and officers to report changes in beneficial ownership, often related to compensation plans and tax obligations. Such transactions are common across the financial services industry.

Stakeholder Impact

• Shareholders: The disposition is a routine tax event and not expected to have a significant direct impact on the share price, though any insider selling can be a minor point of observation.
• Employees: This transaction is specific to the executive's compensation plan and does not directly impact other employees.
• Management: Highlights the standard compensation and tax management practices for senior executives.

Next Steps

• Continued monitoring of insider transactions for any further changes in beneficial ownership.
• Future vesting of restricted stock units may result in additional tax withholding transactions.

Key Dates

Keywords

Form 4, Insider Transaction, Stock Disposition, Tax Withholding, First Horizon Corp, FHN, Jeff L. Fleming, Restricted Stock Units, Executive Compensation