First Horizon CEO Jordan enters new 5-year employment agreement with increased compensation

FIRST HORIZON CORP

CEO D. Bryan Jordan signs 5-year term through Aug 3, 2028; annual base salary raised ~6% to $1,125,000.
Long-term incentive target raised from 400% to 450% of salary starting 2024; special $5M equity award (60% PSUs, 40% RSUs) with 5-year cliff vesting.
Prior change-in-control severance agreement terminated; replaced by Executive CIC Severance Plan at 3x benefit multiple, eliminating tax gross-up.
Mandatory retirement policy waived during term; non-solicitation, confidentiality, and non-disparagement covenants apply.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.