First Horizon (NYSE: FHN) exec sells shares not under trading plan
Rhea-AI Filing Summary
FIRST HORIZON CORP (FHN) reported insider transactions by Elizabeth A. Ardoin, SEVP and Chief Communications Officer. On 2026-08-20 she exercised vested stock options covering 22,571 shares of common stock at exercise prices of $15.35–$18.68 per share and acquired the corresponding common shares. On the same date she sold 18,313 shares of common stock in open-market transactions at prices around $24.85 per share. The filing does not state her total holdings after these transactions. The Rule 10b5-1 checkbox is not marked, indicating these trades were not reported as made under a trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
17 txns
Insider
ARDOIN ELIZABETH A
Role
SEVP, Chief Communications Ofc
Sold
18,313 shs ($455K)
Approx. gross sale proceeds
$455K
Approx. exercise cost
$391K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 4,258 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 3,502 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 3,763 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 3,324 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 6,724 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) | 1,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,258 | $18.68 | $80K |
| Exercise | Common Stock | 3,502 | $18.68 | $65K |
| Sale | Common Stock | 3,502 | $24.85 | $87K |
| Exercise | Common Stock | 3,763 | $17.94 | $68K |
| Sale | Common Stock | 3,763 | $24.855 | $94K |
| Exercise | Common Stock | 3,324 | $17.94 | $60K |
| Sale | Common Stock | 3,324 | $24.855 | $83K |
| Exercise | Common Stock | 6,724 | $15.35 | $103K |
| Sale | Common Stock | 6,724 | $24.855 | $167K |
| Exercise | Common Stock | 1,000 | $15.35 | $15K |
| Sale | Common Stock | 1,000 | $24.845 | $25K |
Holdings After Transaction:
Stock Options (Right to Buy) — 9,188 shares (Direct);
Common Stock — 340,368 shares (Direct)
Key Figures
Shares sold: 18,313 shares
Shares acquired via option exercise: 22,571 shares
Option exercise price: $18.68 per share
+5 more
8 metrics
Shares sold
18,313 shares
Total common shares sold on 2026-08-20
Shares acquired via option exercise
22,571 shares
Total common shares underlying options exercised on 2026-08-20
Option exercise price
$18.68 per share
Stock options (Right to Buy) exercisable until 2027-02-15
Option exercise price
$17.94 per share
Stock options (Right to Buy) exercisable until 2028-02-22
Option exercise price
$15.35 per share
Stock options (Right to Buy) exercisable until 2029-01-11
Sale price
$24.85 per share
One of the reported open-market sale prices on 2026-08-20
Sale price
$24.855 per share
Another reported open-market sale price on 2026-08-20
Sale price
$24.845 per share
Another reported open-market sale price on 2026-08-20
Key Terms
Stock Options (Right to Buy), derivative security, Rule 10b5-1
3 terms
Stock Options (Right to Buy) financial
"security_title "Stock Options (Right to Buy)" on derivative rows"
derivative security financial
"transaction_code_description "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 regulatory
"aff_10b5_one indicates status of Rule 10b5-1 trading plan checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider activity did FHN executive Elizabeth A. Ardoin report on this Form 4?
Elizabeth A. Ardoin, SEVP and Chief Communications Officer of FIRST HORIZON CORP (FHN), reported exercising stock options for 22,571 shares of common stock and selling 18,313 shares of common stock in open-market transactions on 2026-08-20.
How many FIRST HORIZON (FHN) options did the insider exercise and at what strike prices?
Elizabeth A. Ardoin exercised stock options covering a total of 22,571 shares of FIRST HORIZON CORP common stock. The option exercise prices were $18.68, $17.94, and $15.35 per share, with expirations ranging from 2027-02-15 to 2029-01-11.
Were Elizabeth A. Ardoin’s FHN trades made under a Rule 10b5-1 trading plan?
The Form 4 for FIRST HORIZON CORP shows the Rule 10b5-1 checkbox as not selected, indicating the reported transactions by Elizabeth A. Ardoin were not reported as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
