How significant is the 17,628-share tax withholding for FIRST HORIZON (FHN) executive ownership?

The 17,628-share withholding is a routine compensation-related event. Following this disposition, Anthony J. Restel still directly holds 658,235 common shares plus 19,523 shares in an IRA, indicating he retains a substantial ownership position in FIRST HORIZON CORP.

First Horizon (NYSE: FHN) exec has 17,628 shares withheld for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

FIRST HORIZON CORP executive Anthony J. Restel, SEVP and Chief Banking Officer, reported a compensation-related share withholding. On a performance stock unit award previously granted, 17,628 shares of common stock were mandatorily withheld at $23.90 per share to cover withholding taxes. After this tax-withholding disposition, he directly holds 658,235 common shares and indirectly holds 19,523 common shares through an IRA.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Restel Anthony J

Role SEVP, Chief Banking Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	17,628	$23.90	$421K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 658,235 shares (Direct, null); Common Stock — 19,523 shares (Indirect, IRA)

Footnotes (1)

[object Object]

Key Figures

Tax-withheld shares: 17,628 shares Withholding price: $23.90 per share Direct holdings after transaction: 658,235 shares +1 more

4 metrics

Tax-withheld shares 17,628 shares Mandatory withholding for taxes on performance stock unit award

Withholding price $23.90 per share Value used for tax-withholding disposition

Direct holdings after transaction 658,235 shares Common stock directly held after tax withholding

Indirect IRA holdings 19,523 shares Common stock held indirectly through an IRA

Key Terms

performance stock unit award, mandatory withholding, withholding taxes, IRA

4 terms

performance stock unit award financial

"associated with payment of performance stock unit award granted previously"

mandatory withholding financial

"Reflects mandatory withholding of shares to pay withholding taxes"

withholding taxes financial

"withholding of shares to pay withholding taxes associated with payment"

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.

IRA financial

"nature_of_ownership": "IRA""

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 04:46 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Restel Anthony J

(Last)

(First)

(Middle)

165 MADISON AVE.

(Street)

MEMPHIS

TENNESSEE

38103

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST HORIZON CORP [ FHN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SEVP, Chief Banking Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/12/2026		F		17,628⁽¹⁾	D	$23.9	658,235	D
Common Stock								19,523	I	IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects mandatory withholding of shares to pay withholding taxes associated with payment of performance stock unit award granted previously.

	/s/ Shannon M. Hernandez, attorney-in-fact	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FIRST HORIZON CORP (FHN) report for Anthony J. Restel?

FIRST HORIZON CORP reported that executive Anthony J. Restel had 17,628 common shares withheld. These shares covered taxes on a previously granted performance stock unit award, rather than representing an open-market sale, and were reported as a tax-withholding disposition.

Was the FIRST HORIZON (FHN) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a mandatory tax-withholding disposition of 17,628 shares at $23.90. The footnote explains the shares were withheld to pay withholding taxes tied to a performance stock unit award, not sold in the open market.

How many FIRST HORIZON (FHN) shares does Anthony J. Restel hold after this Form 4?

After the reported tax withholding, Anthony J. Restel directly holds 658,235 common shares. He also indirectly owns 19,523 common shares through an IRA account, reflecting his remaining equity exposure following the compensation-related transaction.

What does transaction code F mean in the FIRST HORIZON (FHN) Form 4 filing?

Transaction code F indicates a disposition to satisfy tax or exercise obligations. Here it records 17,628 common shares withheld at $23.90 per share to pay withholding taxes on a previously granted performance stock unit award, instead of a discretionary sale.