Director Wendy Davidson receives 5,913 RSUs at First Horizon (NYSE: FHN)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Davidson Wendy P reported acquisition or exercise transactions in this Form 4 filing.
FIRST HORIZON CORP director Wendy P. Davidson received an equity award of 5,913 shares of Common Stock as a grant or award. The shares were granted at no cash cost to her.
According to a footnote, this represents a grant of restricted stock units that will vest on April 22, 2027. After this award, she directly holds 102,729 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davidson Wendy P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,913 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 102,729 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 5,913 shares
Grant price: $0.00 per share
Post-transaction holdings: 102,729 shares
+1 more
4 metrics
Equity grant size
5,913 shares
Grant of Common Stock / RSUs to director
Grant price
$0.00 per share
Compensation-related grant, not market purchase
Post-transaction holdings
102,729 shares
Director’s direct Common Stock position after grant
Vesting date
April 22, 2027
Restricted stock units scheduled vesting
Key Terms
restricted stock units, Common Stock, Grant, award, or other acquisition
3 terms
restricted stock units financial
"Grant of restricted stock units which will vest April 22, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Common Stock financial
"security_title: "Common Stock" for the reported transaction."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition"."
FAQ
What did First Horizon (FHN) director Wendy P. Davidson report on this Form 4?
Wendy P. Davidson reported receiving 5,913 shares of First Horizon Common Stock as an equity grant. The transaction was coded as a grant or award acquisition and carried a price of $0.00 per share, indicating a compensation-related award rather than a market purchase.
What type of award did Wendy P. Davidson receive from First Horizon (FHN)?
She received a grant of restricted stock units tied to First Horizon Common Stock. A footnote explains that these restricted stock units will vest on April 22, 2027, which means the award becomes fully earned and deliverable on that future vesting date.
When will Wendy P. Davidson’s restricted stock units in First Horizon (FHN) vest?
The restricted stock units granted to Wendy P. Davidson will vest on April 22, 2027. Vesting means the units convert into shares that she fully owns, assuming she meets any applicable service or other conditions through that date.
Is this First Horizon (FHN) Form 4 a significant insider sale?
No, the filing reports an equity grant of 5,913 shares to director Wendy P. Davidson, not a sale. Total shares following the transaction are 102,729, so the event represents routine director compensation rather than a disposition of an existing ownership position.