First Horizon (NYSE: FHN) CRO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST HORIZON CORP senior executive Ashley W. Argo reported routine updates to her stock holdings. On the Form 4, 1,005 shares of common stock were used to pay withholding taxes tied to the vesting of a previously granted restricted stock unit award at $23.90 per share. The filing describes these as tax-withholding dispositions rather than open-market sales. After these entries, she holds 41,999 common shares directly and 11,355 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Argo Ashley W
Role
Sr EVP, Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 599 | $23.90 | $14K |
| Tax Withholding | Common Stock | 406 | $23.90 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,999 shares (Direct, null);
Common Stock — 11,355 shares (Indirect, 401(k))
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 1,005 shares
Tax-withholding price: $23.90 per share
Direct holdings after transactions: 41,999 shares
+2 more
5 metrics
Tax-withholding shares
1,005 shares
Shares delivered to cover withholding taxes on RSU vesting
Tax-withholding price
$23.90 per share
Value used in both F-coded tax-withholding transactions
Direct holdings after transactions
41,999 shares
Common stock directly held after tax-withholding dispositions
Indirect 401(k) holdings
11,355 shares
Common stock held indirectly through a 401(k) plan
Tax-withholding transactions count
2 transactions
Total F-code entries linked to tax withholding
Key Terms
tax-withholding disposition, restricted stock unit, 401(k), Sr EVP, Chief Risk Officer
4 terms
tax-withholding disposition financial
"The filing describes these as tax-withholding dispositions rather than open-market sales."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock unit financial
"withholding taxes associated with vesting of restricted stock unit award granted previously."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
401(k) financial
"11,355 shares indirectly through a 401(k) plan."
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Sr EVP, Chief Risk Officer financial
"senior executive Ashley W. Argo reported routine updates to her stock holdings."
FAQ
What did Ashley W. Argo report in this Form 4 for FHN?
Ashley W. Argo reported share movements mainly related to taxes on vesting restricted stock units. The Form 4 shows mandatory share withholding for tax obligations and updated direct and 401(k) holdings in FIRST HORIZON CORP common stock.
What are Ashley W. Argo’s indirect FHN holdings in her 401(k)?
The Form 4 shows 11,355 FIRST HORIZON CORP common shares held indirectly through a 401(k) plan. This 401(k) entry is reported as a holding, providing visibility into her retirement-plan ownership in addition to directly held common stock.
Do the FHN Form 4 transactions reflect open-market buying or selling?
The reported transactions do not reflect open-market buying or selling. Instead, they are tax-withholding dispositions coded “F,” meaning shares were delivered to satisfy withholding taxes on the vesting of an earlier restricted stock unit grant.