JORDAN D BRYAN 4

What Happened
Jordan D. Bryan, Chairman, President & CEO of First Horizon Corp (FHN), exercised stock options to acquire 116,655 shares at $15.43 per share (total cost about $1,799,987) on January 29, 2026. On the same day he sold multiple open-market blocks of FHN common stock (various lots) totaling 2,054,165 in proceeds. The filing also reports a derivative conversion/disposition of 116,655 units at $0.00 (see Key Details).

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-02-02 (filed within the normal two-business-day window).
• Option exercise: 116,655 shares acquired at $15.43 each (≈ $1.80M total).
• Open-market sales: multiple lots sold at prices ~ $24.14–$24.21, total proceeds ≈ $2,054,165.
• Additional derivative line: 116,655 shown as disposed at $0.00 in the filing (the filing reports both the exercise and a $0.00 derivative disposition).
• Shares owned after transaction: not specified in the excerpt provided — check the full Form 4 for post-transaction ownership.
• No 10b5-1 plan, tax-withholding, or late-filing notes are shown in the provided summary; review the full filing for any footnotes.

Context

• The filing shows an options exercise (acquisition) and multiple same-day open-market sales. When exercises and sales occur on the same day it can reflect a sell-to-cover or partial monetization, but the filing alone does not state the insider’s motive.
• The $0.00 derivative disposal line likely reflects a conversion/settlement related to the exercised derivative; consult the full Form 4 for details (it may indicate net settlement, cancellation, or a bookkeeping entry).
• Purchases (or exercises that result in retained stock) are often viewed as stronger directional signals than routine sales; this report documents both an acquisition by exercise and significant sales on the same date.