SCHEDULE: Vanguard Reports Zero First Horizon Stake Post-Realignment

The Vanguard Group reports 0% beneficial ownership in First Horizon Corp following an internal organizational realignment.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 14 to Schedule 13G for First Horizon Corp, reporting 0% beneficial ownership of Common Stock.
• This change is a result of an internal realignment at The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538 (January 12, 1998).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.
• The filing indicates zero sole voting power, shared voting power, sole dispositive power, and shared dispositive power for The Vanguard Group, Inc. regarding First Horizon Corp shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reflects a procedural change in how The Vanguard Group reports its beneficial ownership due to an internal realignment, rather than a change in investment strategy or sentiment towards First Horizon Corp.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding First Horizon Corp's operations or financial performance. It primarily details a change in beneficial ownership reporting by The Vanguard Group.

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive institutional investors holding more than 5% of a company's stock. This amendment reflects an internal organizational change at Vanguard, rather than a strategic investment decision related to First Horizon Corp's performance or outlook. Such realignments can lead to shifts in how large institutional holdings are reported across different entities within a fund complex.

Stakeholder Impact

• Shareholders of First Horizon Corp: Minimal direct impact, as the underlying shares are likely still managed by Vanguard's broader fund complex, just reported under different entities. The change is primarily administrative for Vanguard.
• The Vanguard Group: This reflects an internal operational and reporting adjustment to comply with SEC guidelines for disaggregated reporting.

Key Dates

Keywords

Vanguard Group, First Horizon Corp, Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Investor, Common Stock, Financial Reporting, Internal Realignment