Form 4: HBAN Director Roger Sit Boosts Share Holdings

Huntington Bancshares Director Roger J. Sit reported the acquisition of 1,871.682 shares of common stock, increasing his beneficial ownership.

Summary

• Director Roger J. Sit of Huntington Bancshares Inc. (HBAN) reported the acquisition of 1,871.682 shares of common stock on October 1, 2025.
• This total includes 1,514.358 shares acquired directly and 357.324 shares acquired indirectly through a Director Deferred Compensation Plan.
• The reported transaction price for these acquisitions was $0.0000, indicating they were likely grants or awards rather than open market purchases.
• Following these transactions, Sit's direct beneficial ownership stands at 193,110.333 shares.
• His indirect beneficial ownership includes 39,997.025 shares via the Director Deferred Compensation Plan, 22,921 shares via the Richard A. Sit Trust, 152,572 shares via Sit Investment Associates, and 4,713 shares via another Trust.
• A Substitute Power of Attorney, executed on September 30, 2025, appointed Rachel L. Lawless, Robert Matthew Pearson, and Virginia L. Mockler as substitute attorneys-in-fact to execute and file SEC Forms on behalf of Roger J. Sit.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if a grant, generally indicates continued alignment of interests with shareholders and confidence in the company. The administrative update to the power of attorney is a neutral, routine governance matter.

Positives

• Director Roger J. Sit increased his beneficial ownership in Huntington Bancshares Inc. by acquiring 1,871.682 shares, signaling continued alignment with shareholder interests.
• The acquisition, likely a grant, demonstrates ongoing participation in the company's equity compensation plans.

Future Outlook

This insider transaction report (Form 4) does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is specific to an insider transaction and an administrative corporate governance update for Huntington Bancshares Inc. and does not provide broader industry trends or competitive analysis.

Corporate Governance

Related Party Transactions

• Roger J. Sit holds 22,921 shares indirectly through the Richard A. Sit Trust.
• Roger J. Sit holds 152,572 shares indirectly through Sit Investment Associates.
• Roger J. Sit holds 4,713 shares indirectly through another Trust.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it aligns director interests with shareholder interests.
• Regulatory Bodies: Ensures compliance with Section 16(a) reporting requirements for insider transactions.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of shares by a director, likely through a compensation plan or grant, rather than an open market purchase. While increased insider ownership is generally a positive signal, the nature and size of this transaction are not significant enough to warrant a change in investment recommendation based solely on this filing. It primarily serves as a compliance update.

Keywords

HBAN, Huntington Bancshares, Roger J. Sit, Director, Insider Transaction, Form 4, Stock Acquisition, Beneficial Ownership, Corporate Governance