Director at FIRST HORIZON (NYSE: FHN) receives 9,991-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KEMP SR JAMES MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
FIRST HORIZON CORP director James Michael Kemp Sr. received an equity award in the form of restricted stock units tied to the company’s common stock. The filing reports a grant of 9,991 shares at a price of $0.00 per share, increasing his direct holdings to 70,682 shares.
According to the footnote, these restricted stock units will vest on April 22, 2027, meaning Kemp will gain full ownership rights if the vesting conditions are met and he remains eligible through that date. This is a compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KEMP SR JAMES MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,991 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 70,682 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 9,991 shares
Grant price per share: $0.00 per share
Shares held after grant: 70,682 shares
+1 more
4 metrics
Equity grant size
9,991 shares
Restricted stock unit grant of common stock
Grant price per share
$0.00 per share
Compensation award, not open-market purchase
Shares held after grant
70,682 shares
Total direct common stock holdings post-transaction
Vesting date
April 22, 2027
Restricted stock units vesting schedule
Key Terms
restricted stock units, vest, Common Stock, Grant, award, or other acquisition
4 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.
vest financial
"Grant of restricted stock units which will vest April 22, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"security_title: Common Stock in the non-derivative transaction record"
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 insider transaction did FIRST HORIZON CORP (FHN) report for James Michael Kemp Sr.?
FIRST HORIZON CORP reported that director James Michael Kemp Sr. received a grant of 9,991 restricted stock units. These units represent compensation in the form of common stock, not an open-market trade, and increase his directly held position reported in the filing.
When do James Michael Kemp Sr.’s restricted stock units in FIRST HORIZON CORP (FHN) vest?
The footnote states that the restricted stock units granted to James Michael Kemp Sr. will vest on April 22, 2027. Vesting means he gains full ownership rights at that time, assuming all service or other vesting conditions are satisfied.
What are James Michael Kemp Sr.’s total FIRST HORIZON CORP (FHN) holdings after this Form 4 grant?
After the reported grant, James Michael Kemp Sr. holds 70,682 shares of FIRST HORIZON CORP common stock directly. This total includes the newly awarded restricted stock units as reflected in the post-transaction share balance in the Form 4 data.
Was the FIRST HORIZON CORP (FHN) Form 4 transaction a market buy or sell?
The Form 4 describes the transaction as a grant or award acquisition coded “A,” not a market buy or sell. James Michael Kemp Sr. received shares as equity compensation, with no cash purchase price and no open-market sale reported in this filing.