Restel Anthony J 4

What Happened

• Anthony J. Restel, SEVP and Chief Banking Officer of First Horizon Corp (FHN), exercised stock derivatives on Jan 29, 2026 to acquire a total of 8,182 shares at $16.01 per share (cost $130,993). On the same day he sold 5,719 of those shares in open market transactions for total proceeds of $139,238. Net result: a net increase of 2,463 shares held and approximate net cash inflow of $8,245 (proceeds minus exercise cost).

Key Details

• Transaction date: 2026-01-29; filing date: 2026-02-02 (filed within the 2-business-day Form 4 window).
• Exercises (code M): 6,243 shares @ $16.01 ($99,950) and 1,939 shares @ $16.01 ($31,043) — total 8,182 shares acquired for $130,993.
• Open-market sales (code S): 4,106 shares @ $24.34 ($99,961) and 1,613 shares @ $24.35 ($39,277) — total 5,719 shares sold for $139,238.
• Two derivative-disposal entries at $0 reflect cancellation/settlement of the derivative instruments upon exercise (typical in option exercises).
• Shares owned after the transaction are not specified in the filing.

Context

• This is an exercise of derivatives followed by partial immediate sales (a cashless or same-day sell pattern), which is common when insiders exercise options to cover exercise costs and tax obligations. Because Restel exercised and sold only part of the shares, the filing shows a modest net accumulation (2,463 shares), not a pure sell-off. This report appears timely and is factual disclosure of the transactions, not an explanation of motives.