First Horizon (NYSE: FHN) executive has shares withheld to pay taxes
Rhea-AI Filing Summary
FIRST HORIZON CORP executive Elizabeth A. Ardoin reported a tax-related share disposition. On the vesting of a previously granted restricted stock unit award, 5,790 shares of common stock were withheld at $24.16 per share to cover withholding taxes. After this mandatory withholding, she holds 322,713 shares directly and 266 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,790 shares
Net Sell
2 txns
Insider
ARDOIN ELIZABETH A
Role
SEVP, Chief Communications Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,790 | $24.16 | $140K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 322,713 shares (Direct);
Common Stock — 266 shares (Indirect, 401(K))
Footnotes (1)
- F1. Reflects mandatory withholding of shares to pay withholding taxes associated with vesting of restricted stock unit award granted previously.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FHN executive Elizabeth Ardoin report?
Elizabeth Ardoin reported a tax-withholding disposition of 5,790 shares of FIRST HORIZON CORP common stock. The shares were withheld to pay taxes due on the vesting of a restricted stock unit award previously granted to her.
Was Elizabeth Ardoin’s FHN transaction an open market sale?
No, the transaction was not an open market sale. Shares were mandatorily withheld by FIRST HORIZON CORP to cover withholding taxes owed when a restricted stock unit award vested, as described in the filing footnote.
What does transaction code F mean in this FHN Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, FIRST HORIZON CORP withheld shares from Elizabeth Ardoin’s vested restricted stock units to satisfy withholding tax obligations.