FIRST HORIZON CORP

BOARD MATTERS

affairs, and has the powers and performs the duties as are normally incident to the position and as may be assigned by the Board.

Mr. Reed, who is independent under the listing standards of the NYSE, is currently serving as Lead Director for the Board. His responsibilities as Lead Director include, among other things, supporting the Chairman of the Board in developing (in conjunction with the Corporate Secretary) the agenda for each Board meeting and in defining the scope, quality, quantity and timeliness of the flow of information between management and the Board; presiding (or, if he cannot be in attendance, designating another independent director to preside) at executive sessions of the Board; taking any actions he deems necessary or appropriate in connection with the Board and committee self-evaluation process (including contacting each director individually to obtain additional input on Board and committee effectiveness, if he deems appropriate); receiving reports from directors who have concerns about another director’s performance pursuant to our process for individual director performance evaluations; and receiving communications from shareholders pursuant to our process for communications with the Board. Mr. Reed's service as a director will end at the 2026 annual meeting. The independent directors of the Board have designated Mr. Compton, who is independent under the NYSE listing standards, to serve as Lead Director effective as of Mr. Reed's departure.