First Horizon SEVP Popwell sells $3.3 million in stock

Published 05/11/2025, 22:56
First Horizon SEVP Popwell sells $3.3 million in stock

David T. Popwell, SEVP Sr Strategic Executive at First Horizon CORP (NYSE:FHN), sold 155,149 shares of common stock on November 4, 2025, for a total value of $3,306,566.

The shares were sold at a weighted average price of $21.3122, with individual sales prices ranging from $21.215 to $21.385. Following the transaction, Popwell directly owns 307,432 shares of First Horizon CORP. He also indirectly owns 3,177 shares through a 401(k).

In other recent news, First Horizon Corporation announced the authorization of a new $1.2 billion common stock repurchase program, which will replace the prior program that had about $180 million remaining. This new program is set to expire on January 31, 2027. Additionally, First Horizon declared a quarterly cash dividend of $0.15 per share on its common stock, with the dividend payable on January 2, 2026, to shareholders of record as of December 12, 2025. The company also expanded its board of directors by appointing Sital K. Mody, a current executive at Kinder Morgan, Inc., bringing the board size to 14 members. Mody serves as President of the Natural Gas Pipelines Group and Vice President at Kinder Morgan. These developments come amid broader discussions in the regional banking sector, as RBC Capital Markets commented on recent stock declines for other banks, attributing the drops to specific events rather than widespread issues in the industry.

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