Brown Jeffrey Jonathan 4

What Happened
Jeffrey Jonathan Brown, a director of First Horizon Corp (FHN), received an award of 12,030 restricted stock units (RSUs) on 2026-05-05. The Form 4 reports the acquisition at $0.00 per unit (total $0 at grant), reflecting a standard RSU grant rather than a market purchase.

Key Details

• Transaction date: 2026-05-05; filing date (Form 4): 2026-05-06 (timely filing).
• Transaction type/code: Award/Grant (code A).
• Units granted: 12,030 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: RSUs will vest on April 22, 2027 (Footnote F1). No tax withholding or 10b5-1 plan noted.

Context
RSUs are grants that convert into actual shares when they vest and are typically subject to vesting conditions and potential forfeiture until that date. A grant recorded at $0 on a Form 4 indicates an equity award rather than an open-market purchase; it does not by itself signal immediate buying or selling intent. Retail investors should view this as a compensation-related award to an insider, with potential dilution and future stock issuance when the RSUs vest.