Restel Anthony J 4

What Happened Anthony J. Restel, Senior Executive Vice President and Chief Banking Officer of First Horizon Corp (FHN), disposed of 17,628 shares on May 12, 2026 at $23.90 per share. The shares were surrendered as payment of withholding taxes tied to a previously granted performance stock unit award, with an aggregate value of about $421,309. This was a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date and price: May 12, 2026 — 17,628 shares at $23.90 per share.
• Aggregate value: $421,309 (based on the per-share price reported).
• Transaction code: F — payment of exercise price or tax liability.
• Footnote: F1 — mandatory withholding of shares to pay withholding taxes associated with a previously granted performance stock unit award.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: Form 4 filed May 14, 2026 (appears timely under the standard Form 4 reporting window).

Context This was a routine tax-withholding share surrender tied to a compensation award (performance stock units), not necessarily a market-directed sale. Such withholding transactions are common when awards vest and generally do not imply a change in the insider’s view of the company.