Form 4: Huntington Bancshares CEO Stephen Steinour Reports Acquisition of Over 6,700 Shares Under Pre-Arranged Plan

Huntington Bancshares Inc. CEO Stephen D. Steinour reported the acquisition of 6,714.015 shares of common stock through direct ownership and company plans, effective July 1, 2025, under a Rule 10b5-1 plan.

Summary

• Stephen D. Steinour, President, CEO & Chairman, and Director of Huntington Bancshares Inc. (HBAN), reported changes in his beneficial ownership of common stock.
• On July 1, 2025, Mr. Steinour acquired 6,218.841 shares of common stock directly at a price of $0.0000 per share.
• Additionally, on the same date, he acquired 495.174 shares indirectly through the Issuer's Investment and Tax Savings Plan (401(k) Plan) at a price of $0.0000 per share.
• The total shares acquired in these transactions amount to 6,714.015 shares.
• Following these transactions, Mr. Steinour's direct beneficial ownership stands at 1,812,436.901 shares.
• His indirect beneficial ownership includes 54,477.515 shares via the 401(k) Plan, 3,441,119.559 shares via the Executive Deferred Compensation Plan, 2,898,505 shares via Family Trusts, 550,500 shares via GRATS, 90,363.268 shares via the Supplemental Stock Purchase and Tax Savings Plan, and 1,924.43 shares via his Spouse.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. The acquisition of shares by a high-ranking insider, even if through grants, generally signals confidence in the company's prospects. The transaction being part of a Rule 10b5-1 plan indicates a structured and pre-planned approach, which is a neutral to positive governance signal.

Positives

• The acquisition of shares by a key executive like the President, CEO, and Chairman can signal confidence in the company's future performance.
• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-arranged and systematic approach to share acquisition, which can reduce concerns about opportunistic trading.

Future Outlook

The document does not provide specific forward-looking statements or guidance beyond the future transaction date of July 1, 2025, which is part of a pre-arranged plan.

Industry Context

This filing is a routine insider transaction report for a financial institution. Such transactions are common in the banking industry as part of executive compensation and long-term incentive plans. The use of a Rule 10b5-1 plan is a standard practice for insiders to manage their stock transactions in compliance with SEC regulations.

Stakeholder Impact

• Shareholders: The acquisition of shares by a key executive may be viewed as a positive signal of management's alignment with shareholder interests and confidence in the company's future.

Key Dates

Keywords

Huntington Bancshares, HBAN, Stephen D. Steinour, SEC Form 4, Insider Trading, Stock Acquisition, Beneficial Ownership, Rule 10b5-1, Executive Compensation, Banking Industry