Form 4: Huntington Bancshares CEO Stephen Steinour Exercises Stock Options, Disposes of Shares

Stephen Steinour, President, CEO & Chairman of Huntington Bancshares, exercised stock options and disposed of shares on April 22, 2025.

Summary

• On April 22, 2025, Stephen Steinour, the President, CEO & Chairman of Huntington Bancshares, exercised stock options to acquire 100,000 shares of common stock at a price of $10.89 per share.
• Following the exercise of these options, Steinour disposed of 87,395 shares to cover tax obligations at a price of $14.155 per share.
• After these transactions, Steinour directly owns 1,796,960.06 shares of Huntington Bancshares common stock.
• Steinour also indirectly owns shares through various means, including an Executive Deferred Compensation Plan (3,441,119.559 shares), Family Trusts (2,898,505 shares), GRATS (550,500 shares), the Issuer's Investment and Tax Savings Plan (53,910.103 shares), the Issuer's Supplemental Stock Purchase and Tax Savings Plan (90,363.268 shares), and through his spouse (1,924.43 shares).

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock ownership, with no inherently positive or negative implications.

Industry Context

Executive stock option exercises and share disposals are common occurrences in publicly traded companies and are often related to compensation and tax planning strategies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
• The transactions reflect executive compensation practices, which can be of interest to shareholders.

Key Dates

Keywords

Huntington Bancshares, Stephen Steinour, Stock Options, Beneficial Ownership, Form 4, HBAN, Executive Compensation, Securities Exchange Act