FIRST HORIZON CORP — Form 10-Q

First Horizon revised its Board director compensation policy, effective April 27, 2026. Outside directors receive $100,000 cash base retainer plus $145,000 in RSUs annually, with additional cash retainers for lead director ($75,000), outside chairman ($125,000), and committee chairs ($35,000–$40,000). The policy specifies RSU vesting dates (April 22 following grant), deferral election options, and pro-rata compensation for mid-year appointments. No material changes to compensation dollar amounts versus prior policy are disclosed; the filing appears to be a routine restatement of existing terms.