Restel Anthony J 4

What Happened Anthony J. Restel, Senior Executive Vice President and Chief Banking Officer of First Horizon Corp (FHN), recorded dispositions of depositary shares on May 1, 2026. The filing shows two dispositions: 3,000 depositary shares at $25.00 each ($75,000) and 50 depositary shares at $25.00 each ($1,250), for a total of 3,050 shares and $76,250. These transactions are reported as "Other acquisition or disposition (J)" and reflect a disposition (sale/redemption) rather than a purchase.

Key Details

• Transaction date: May 1, 2026; Price: $25.00 per depositary share.
• Shares disposed: 3,000 and 50 (total 3,050); Total value: $76,250.
• Shares owned after transaction: Not specified in the filing.
• Filing status/timeliness: Report filed on May 1, 2026 (same date as the transactions), indicating timely reporting.
• Footnote: Each depositary share represents a 1/400th interest in a share of the issuer's 6.600% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C. All outstanding shares of that preferred series were redeemed by the issuer on May 1, 2026 at $10,000 per preferred share, which resulted in redemption of the depositary shares at $25 each.

Context These were depositary shares tied to the issuer’s Series C preferred stock and were redeemed by the company on May 1, 2026; the reported dispositions reflect that redemption rather than an open-market sale. Transaction code J denotes "other acquisition or disposition," which is consistent with corporate-initiated redemptions. This is informational and does not, by itself, indicate insider sentiment about the company's common stock.