First Horizon (NYSE: FHN) executive has shares withheld to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
ARDOIN ELIZABETH A
Role
SEVP, Chief Communications Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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)
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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.