On October 16, 2023, E. Stewart Shea, III informed First Horizon Corporation of his retirement from the boards of directors of First Horizon Corporation and of First Horizon Bank, effective that date. Mr. Shea informed First Horizon that his decision to retire was not due to any disagreement with management on any matter. Mr. Shea has served as a director of First Horizon since 2020, and was a director of IBERIABANK Corporation from 1990 until it merged with First Horizon in 2020.