First Horizon (NYSE: FHN) EVP uses 1,717 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST HORIZON CORP executive Jeff L. Fleming, EVP & Chief Accounting Officer, had 1,717 shares of common stock withheld on May 12, 2026 to pay taxes due on the vesting of a previously granted restricted stock unit award, at $23.90 per share. After these tax-withholding dispositions, he holds 132,398 shares directly and 31,409 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Fleming Jeff L.
Role
EVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 980 | $23.90 | $23K |
| Tax Withholding | Common Stock | 737 | $23.90 | $18K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 132,398 shares (Direct, null);
Common Stock — 31,409 shares (Indirect, 401(k))
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares total: 1,717 shares
First F-code withholding: 737 shares at $23.90/share
Second F-code withholding: 980 shares at $23.90/share
+3 more
6 metrics
Tax-withheld shares total
1,717 shares
Mandatory withholding for RSU vesting taxes on May 12, 2026
First F-code withholding
737 shares at $23.90/share
Common Stock tax-withholding disposition
Second F-code withholding
980 shares at $23.90/share
Common Stock tax-withholding disposition
Direct holdings after transaction
132,398 shares
Common Stock held directly after May 12, 2026
Indirect 401(k) holdings
31,409 shares
Common Stock held indirectly via 401(k) as of May 12, 2026
Transaction price
$23.90 per share
Value used for tax-withholding dispositions
Key Terms
restricted stock unit award, tax-withholding disposition, 401(k), Form 4
4 terms
restricted stock unit award financial
"vesting of restricted stock unit award granted previously"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
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.
401(k) financial
"nature_of_ownership": "401(k)""
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.
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) executive Jeff L. Fleming report on this Form 4?
Jeff L. Fleming reported share dispositions used solely to cover tax obligations. A total of 1,717 First Horizon common shares were withheld at $23.90 per share in connection with the vesting of a previously granted restricted stock unit award.
Were Jeff L. Fleming’s First Horizon (FHN) transactions open-market sales?
No, these were not open-market sales. The Form 4 classifies both transactions with code F, indicating mandatory tax-withholding dispositions to satisfy tax liabilities arising from a previously granted restricted stock unit award’s vesting.
What does the 401(k) entry mean in Jeff L. Fleming’s First Horizon (FHN) Form 4?
The 401(k) entry reflects indirect ownership of First Horizon shares in a retirement plan. The Form 4 shows 31,409 common shares held indirectly through a 401(k), with a holding entry dated May 12, 2026, separate from the tax-withholding transactions.