Form 4: Huntington Bancshares CEO Stephen Steinour Reports Changes in Beneficial Ownership

Stephen Steinour, CEO and Chairman of Huntington Bancshares, reports changes in his beneficial ownership of the company's stock due to acquisitions through various company plans and trusts.

Summary

• Stephen Steinour, the President, CEO, and Chairman of Huntington Bancshares, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On July 1, 2024, Steinour acquired 7,413.861 shares of common stock at $0.00 per share.
• He also acquired 1,297.968 shares through the Issuer's Investment and Tax Savings Plan (401(k) Plan) at $0.00 per share.
• An additional 1,002.477 shares were acquired through the Issuer's Supplemental Stock Purchase and Tax Savings Plan at $0.00 per share.
• Following these transactions, Steinour directly owns 1,493,653.862 shares of common stock.
• He also indirectly owns shares through various plans and trusts, including 51,881.025 shares via the 401(k) Plan, 90,363.268 shares via the Supplemental Stock Purchase and Tax Savings Plan, 3,381,521.177 shares via the Executive Deferred Compensation Plan, 2,872,505 shares via Family Trusts, 566,750 shares via GRATS, and 1,924.43 shares via his spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The CEO increasing their stake is mildly positive, but it's primarily through compensation plans.

Positives

• The CEO's increased stake in the company, even through compensation plans, could be seen as a positive signal.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's ownership stake in the company.

Key Dates