First Horizon (NYSE: FHN) CFO has 9,814 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST HORIZON CORP Senior Executive Vice President and CFO Hope Dmuchowski reported a routine share disposition related to taxes. On the Form 4, 9,814 shares of common stock were withheld at $23.90 per share to cover withholding taxes tied to a previously granted performance stock unit award, rather than sold in the open market. After this tax-withholding transaction, she directly holds 180,351 shares of First Horizon common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dmuchowski Hope
Role
Sr. EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,814 | $23.90 | $235K |
Holdings After Transaction:
Common Stock — 180,351 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 9,814 shares
Withholding price: $23.90/share
Shares after transaction: 180,351 shares
+2 more
5 metrics
Tax-withheld shares
9,814 shares
Shares withheld to cover taxes on performance stock unit award
Withholding price
$23.90/share
Value used for tax-withholding disposition
Shares after transaction
180,351 shares
Direct common stock holdings following tax withholding
Tax-withholding transactions
1 transaction
Single F-code tax-withholding entry in this Form 4
Tax-withholding shares total
9,814 shares
Total shares reported as tax withholding in transaction summary
Key Terms
performance stock unit award, withholding taxes, tax-withholding disposition, Form 4
4 terms
performance stock unit award financial
"payment of performance stock unit award granted previously"
withholding taxes financial
"mandatory withholding of shares to pay withholding taxes associated"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Form 4 regulatory
"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.
FAQ
What did First Horizon (FHN) CFO Hope Dmuchowski report in this Form 4?
CFO Hope Dmuchowski reported a tax-related share disposition. A total of 9,814 First Horizon common shares were withheld to satisfy tax obligations from a previously granted performance stock unit award, leaving her with direct ownership of 180,351 shares after the transaction.
Was the First Horizon (FHN) CFO’s Form 4 transaction an open-market sale?
No, it was not an open-market sale. The Form 4 shows an F-code tax-withholding transaction where 9,814 shares were withheld at $23.90 per share to satisfy tax liabilities from a performance stock unit award, rather than sold on the market.
What does transaction code F mean in the First Horizon (FHN) CFO’s Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, 9,814 First Horizon shares were withheld to cover withholding taxes on a previously granted performance stock unit award, rather than being voluntarily sold in the market.