FIRST HORIZON CEO reports tax share withholding
FIRST HORIZON CORP Chairman, President & CEO Jordan D. Bryan reported routine share movements tied to equity compensation.
Rhea-AI Filing Summary
FIRST HORIZON CORP Chairman, President & CEO Jordan D. Bryan reported routine share movements tied to equity compensation. The filing shows that 46,272 shares of common stock were disposed of at $23.90 per share through mandatory tax withholding related to a previously granted performance stock unit award, rather than an open-market sale.
After this tax-withholding disposition, Bryan directly holds 999,502 shares of common stock. The filing also lists additional indirect holdings, including shares held through a family trust, a 401(k) plan, a children’s trust, and by his spouse, reflecting a substantial ongoing equity position in FIRST HORIZON CORP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 46,272 shares
Exercise Price or Tax Liability
5 txns
Insider
JORDAN D BRYAN
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 46,272 | $23.90 | $1.11M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 999,502 shares (Direct);
Common Stock — 354,561 shares (Indirect, By Spouse);
Common Stock — 145,129.164 shares (Indirect, Children's Trust);
Common Stock — 5,382 shares (Indirect, 401(k) Plan);
Common Stock — 725,848 shares (Indirect, Family Trust)
Footnotes (1)
- F1. Reflects mandatory withholding of shares to pay withholding taxes associated with payment of performance stock unit award granted previously.
Key Figures
Shares withheld for taxes: 46,272 shares
Withholding share price: $23.90 per share
Direct shares after transaction: 999,502 shares
+4 more
7 metrics
Shares withheld for taxes
46,272 shares
Mandatory tax withholding on performance stock unit award
Withholding share price
<money>$23.90</money> per share
Value used for tax-withholding disposition
Direct shares after transaction
999,502 shares
Common stock directly held by Jordan D. Bryan after withholding
Family trust holdings
725,848 shares
Common stock held indirectly through a Family Trust
401(k) plan holdings
5,382 shares
Common stock held indirectly through a 401(k) Plan
Children's trust holdings
145,129.164 shares
Common stock held indirectly through a Children’s Trust
Spouse holdings
354,561 shares
Common stock reported as held indirectly by spouse
Key Terms
performance stock unit award, withholding taxes, Family Trust, 401(k) Plan, +2 more
6 terms
performance stock unit award financial
"associated with payment of performance stock unit award granted previously"
withholding taxes financial
"mandatory withholding of shares to pay withholding taxes associated"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Family Trust financial
"total_shares_following_transaction 725848.0000, nature_of_ownership Family Trust"
401(k) Plan financial
"total_shares_following_transaction 5382.0000, nature_of_ownership 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Children's Trust financial
"total_shares_following_transaction 145129.1640, nature_of_ownership Children's Trust"
tax-withholding disposition financial
"transaction_action tax-withholding disposition, transaction_code F"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FIRST HORIZON CORP (FHN) CEO Jordan D. Bryan report in this Form 4?
Jordan D. Bryan reported a tax-related share disposition, not an open-market trade. 46,272 common shares were withheld to cover taxes on a previously granted performance stock unit award, while he retained a large direct and indirect ownership stake in FIRST HORIZON CORP.
What indirect FIRST HORIZON (FHN) holdings are reported for Jordan D. Bryan?
The filing shows indirect ownership in several forms, including a family trust, a 401(k) plan, a children’s trust, and shares held by his spouse. Each category lists common stock positions, reflecting additional exposure to FIRST HORIZON beyond his direct holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
