FIRST HORIZON CORP

First Horizon's Bylaws provide that the Board of Directors, by the affirmative vote of a majority of the entire Board, may change the number of directors that will comprise the Board. Pursuant to this provision of the Bylaws, the Board of Directors has currently set the size of the Board at 14 members. We anticipate that the Board will act prior to the annual meeting to change the size of the Board in the Bylaws to 12 members, effective with the election of directors at the annual meeting. The Board is proposing for election 12 of our 14 current directors, Messrs. Brown, Compton, Dietrich, Jordan, Kemp, Maples, Mody, and Moehn and Mses. Carboni, Davidson, Palmer and Stewart, at the 2026 annual meeting, to hold office until the 2027 annual meeting of shareholders and until their successors are duly elected and qualified. The service of Messrs. Reed

and Taylor, who are currently serving as directors, will end at the annual meeting of shareholders. Mr. Moehn and Mr. Mody were elected by the Board of Directors in August 2025 and October 2025, respectively; each was recommended for a position on our Board by a third-party search firm.

If any nominee proposed by the Board of Directors is unable to accept election (which the Board of Directors has no reason to anticipate) the persons named in the enclosed form of proxy will vote for the election of such other persons as directed by the Board pursuant to the Bylaws, unless the Board decides to reduce the number of directors pursuant to the Bylaws.