---
schema_version: "secwatch.filing_event.v1"
accession: "0000036966-23-000097"
form_type: "8-K"
ticker: "FHN"
cik: "0000036966"
company_name: "FIRST HORIZON CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:49:12.881152+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000036966-23-000097
- form_type: 8-K
- ticker: FHN
- cik: 0000036966
- company_name: FIRST HORIZON CORP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36966/000003696623000097/0000036966-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36966/000003696623000097/fhn-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036966-23-000097
- JSON: https://secwatch.observer/filing/0000036966-23-000097.json
- Plain text: https://secwatch.observer/filing/0000036966-23-000097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.