SEC Filing Analysis: FIRST HORIZON CORP

Executive Summary

• Trading Significance: Low
• Key Takeaway: An officer at First Horizon Corp has filed a notice of proposed sale for approximately $3.3 million worth of common stock.
• Market Impact: The sale is of low materiality, representing just 0.031% of the company's market cap and shares outstanding, and is unlikely to have a significant market impact.

Company Information

Field	Value
Company	FIRST HORIZON CORP
Ticker Symbol	Not Available in Filing
CIK	0000036966
Industry	NATIONAL COMMERCIAL BANKS [6021]

Insider Information

Field	Value
Name	POPWELL DAVID T
CIK	0001186181
Title/Position	Officer
Relationship	Officer

Transaction Details

Field	Value
Form Type	144
Transaction Date	2025/11/04 (Approximate Sale Date)
Transaction Code	Not Applicable
Security Type	Common Stock
Shares Involved	155,149
Price Per Share	$21.33 (approximate)
Total Value	$3,309,328
Shares Owned After	Not Stated
Ownership Type	Not Stated

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$3,309,328
% of Market Cap	0.031%
Shares Transacted	155,149
% of Shares Outstanding	0.031%
Post-Transaction Ownership	Not Stated
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: The proposed $3.3 million sale is a minor event for a company with a $10.68 billion market capitalization.
• Transaction Significance: The transaction constitutes a negligible percentage of both the market capitalization (0.031%) and the total shares outstanding (0.031%), firmly placing its significance level as 'Low'. Such sales are typically routine for executives and do not signal a major change in company outlook.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: A Form 144 filing is a notice of intent to sell, not a guaranteed sale. The size of the transaction is too small relative to the company's market cap and average trading volume to have a meaningful impact on the stock price.

Volume & Sentiment

• Expected Volume Impact: Minimal. The 155,149 shares are unlikely to cause a noticeable spike in trading volume for a company of this size.
• Sentiment Indicator: Neutral. The filing is a routine disclosure of a non-material transaction.

Additional Context

Transaction Notes

• The shares proposed for sale were originally acquired as restricted stock through incentive compensation plans between 2014 and 2021.
• This filing follows a previous sale by the same insider, David T Popwell, who sold 100,000 shares on August 22, 2025, for gross proceeds of $2,244,514, indicating a pattern of periodic selling.