Equity grant gives First Horizon (NYSE: FHN) director 5,913 units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PALMER VICKI R reported acquisition or exercise transactions in this Form 4 filing.
FIRST HORIZON CORP director Vicki R. Palmer received an equity award rather than buying shares on the market. On this Form 4, she was granted 5,913 shares of Common Stock in the form of restricted stock units that will vest on April 22, 2027. After this grant, her direct holdings reported in the filing total 118,771 shares. This is a compensation-related award at no purchase price, not an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PALMER VICKI R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,913 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 118,771 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 5,913 shares
Post-transaction holdings: 118,771 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Equity grant size
5,913 shares
Restricted stock units of Common Stock granted to director
Post-transaction holdings
118,771 shares
Direct ownership after the reported grant
Grant price per share
$0.00 per share
Restricted stock unit award, no purchase price paid
Vesting date
April 22, 2027
Restricted stock units will vest on this date
Key Terms
Form 4, restricted stock units, transaction code "A", beneficial ownership
4 terms
Form 4 regulatory
"Please analyze the following financial content according to the instructions above. INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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.
transaction code "A" regulatory
"transaction_code_description": "Grant, award, or other acquisition""
beneficial ownership financial
"transaction_code_description": "Grant, award, or other acquisition""
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did First Horizon (FHN) director Vicki R. Palmer report on this Form 4?
Vicki R. Palmer reported receiving an equity award of 5,913 shares of First Horizon Common Stock as restricted stock units. These units are part of director compensation and were not purchased in the open market, but granted at no stated purchase price.
When do Vicki R. Palmer’s First Horizon restricted stock units vest?
The footnote states that the 5,913 restricted stock units granted to Vicki R. Palmer will vest on April 22, 2027. Vesting means the units convert into shares the director fully owns, assuming any applicable service or other conditions are satisfied.
What does transaction code “A” mean on this First Horizon Form 4?
Transaction code “A” on the Form 4 is described as a grant, award, or other acquisition. In this case, it refers to the award of 5,913 restricted stock units of First Horizon Common Stock, received as compensation instead of bought or sold on the open market.